Angola’s Revenue Can Only Cover Salaries, Debt, Minister Says
- Finance Minister Sousa says nation faces peak debt payments
- Angola is holding talks with the IMF about a possible new loan
Vera Daves De Sousa
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Angola faces peak loan payments that require the oil-producing nation to use all of its fiscal revenue to pay salaries and to service debt, its finance minister said.
“This has been a very demanding year in terms of debt service,” Vera Daves de Sousa said in a video interview with Angolan magazine Economia & Mercado that was broadcast online. “We are experiencing a high peak not only in terms of our external debt service, but also to service internal debt.”