Angola targets $1.7 billion at international capital markets in 2026
Angola plans to raise about 1.7 billion dollars on international capital markets in 2026, the government’s annual debt plan showed on Tuesday.
The document also showed Angola aims to secure around 1.4 billion dollars in commercial financing, including debt-for-health swap operations, and 500 million dollars from World Bank Development Policy Operations.
The Southern African oil-producing country is under pressure from high debt-service costs, which could consume more than 40 per cent of total expenditure this year.
In December, the International Monetary Fund released a forecast that economic growth would remain subdued this year at around two per cent, with a gradual recovery over the medium term depending on progress in economic diversification.
Angola’s government is seeking to bolster public finances by reducing subsidies and opening up its state-dominated economy to more private investment.
(Reuters/NAN)
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