Angola: Government bond rating upgraded


Moody’s Investment Services upgraded Angola’s bond rating and outlook in August, potentially improving the country’s opportunities to access credit. The improved rating surprised some economists in light of Angola’s increasing budget deficit, lower oil and agricultural output and the global decline in oil prices.

Source: Angola Monitor Issue 4/14

The Angola Monitor covers the politics, economics, development, democracy and human rights of Angola. It is published quarterly by Action for Southern Africa (ACTSA).

This issue covers:

Political News: State of the Nation; Census figures announced; Local government elections delayed; Falling oil prices reduce public spending; Angola elected to UN Security Council; Luanda gets new governor.

Economic News: Angola set to become largest oil producer in sub Saharan Africa; US regulator may bring charges over alleged oil corruption; Government reduces fuel subsidies; Major telecommunication upgrade announced; National airline TAAG enters partnership with Emirates; Government bond rating upgraded.

Human Rights News: Amnesty International accuse government of demonstration ban; Final refugees returning to Angola; NGOs call on SADC to address human rights violations; Government claims it respects free speech and the right to protest.

Aid and Development News: Redevelopment of Angola’s largest railway complete; European Union invests 20 million Euros in landmine clearing; Drought response receives support from Japan.

This issue is also available in Portuguese.

We welcome readers’ responses to the Angola Monitor. Please send your comments to info@actsa.org. For more news and information on Angola and southern Africa visit the ACTSA website www.actsa.org.


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