Cash-Starved Angola Pays Local Suppliers With Treasury Bills
Downtown Luanda.
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Angola’s Finance Ministry said it will extend the practice of paying local suppliers with Treasury bills because the oil-rich nation’s government doesn’t have sufficient cash.
The state may sell new securities to cover the payments to suppliers, Yona Amado, coordinator of arrears at the ministry’s Public Debt Management unit, said at a conference in Luanda, Angola’s capital.