Luanda - The President of the Republic, João Lourenço, has authorized the issuance of Sovereign Bonds in international markets in the amount of $4billion, to finance the 2025 General State Budget (OGE).

According to a Presidential Order, published in the State Gazette, the Angola Head of State authorizes the issuance of Eurobonds in the amount of $3billion, under the global medium-term debt program.

In another order, the President of the Republic authorizes the issuance of $1billion on the Japanese market.

The authorization will also allow the process of diversifying the State's sources of financing to continue, within the framework of the medium-term debt strategy for the pursuit of economic and social objectives essential to the country's development.

To the minister of Finance, Vera Daves, has been delegated the competence to contract consultancy services, as well as the financial institutions that will execute the issuance.

The 2025 OGE sets revenues and expenses at Akz 34.6 trillion ($38.1billion), which represents an increase of 40.13% compared to 2024.

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