Search

 

Cablegate: Central Bank On U.S. Treasury Advisor

P 191707Z NOV 08
FM AMEMBASSY LUANDA
TO SECSTATE WASHDC PRIORITY 5174
INFO DEPT OF TREASURY WASHDC PRIORITY

UNCLAS LUANDA 000923


E.O. 12958: N/A
TAGS: EFIN EAID ECON AO
SUBJECT: CENTRAL BANK ON U.S. TREASURY ADVISOR

REF: LUANDA 907


1. In a November 14 meeting with DCM, National Bank of
Angola Vice Governor Rui Miguens de Oliveira strongly
supported the possibility of US Treasury assistance to the
GRA. Such assistance, he said, was "something that could
really help, from our perspective." He noted the Finance
Minister would be a key partner in USG assistance efforts
(see reftel for the Finance Minister's views) but emphasized
Angola's central bank would similarly welcome technical
advice.

2. Miguens said the National Bank of Angola would be
particularly interested in developing debt management
expertise. Specifically, the central bank was looking at the
feasibility of establishing a kwanza-denominated, long-term
government bond market and could see a very useful role for a
Treasury advisor in this area. Current short-term or
dollar-denominated debt did not reflect the fundamentals of
the Angolan economy, Miguens noted, and the short-term debt
put pressure on the GRA budget position.

3. Comment. Debt management appears to be a priority area
for Angolan monetary and financial authorities. In future
discussions with the GRA about a resident Treasury advisor,
this is a potentially useful area for further discussion End
Comment.

MOZENA

© Scoop Media

 
 
 
World Headlines

 



UN: Bachelet Calls On Mexico To Step Up Efforts As Tragic Milestone Reached Of More Than 100,000 Disappearances

UN High Commissioner for Human Rights Michelle Bachelet on Tuesday called on the Mexican authorities to step up efforts to ensure truth and justice for victims of disappearances, who now number more than 100,000, according to official data... More>>


ADC: Statement On The Assassination Of Shireen Abu Akleh

Early this morning in Jenin, Occupied Palestine, revered Palestinian voice Shireen Abu Akleh, a Palestinian American journalist for Al Jazeera, was assassinated by Israeli Occupation Forces snipers...
More>>



Ukraine: UN Rights Office Probe Spotlights Harrowing Plight Of Civilians

Almost 76 days since Russia invaded Ukraine, countless civilians remain caught up in the horror and destruction of war, UN rights investigators said on Tuesday... More>>



Access Now: Elon Musk’s Twitter Buyout Must Not Come At The Expense Of Human Rights

Following today’s announcement that Elon Musk will acquire complete ownership of Twitter in a cash sale of around 44 billion USD, pending shareholder approval, Access Now urges Twitter’s Board, employees, and shareholders... More>>



UN: Biodiversity And Ecosystem Protection Highlighted On Mother Earth Day

Marking International Mother Earth Day, UN General Assembly President Abdulla Shahid urged on Friday, for collective action to safeguard biodiversity and protect ecosystems... More>>

Ukraine: Hundreds More Reach Safety After Fleeing Besieged Mariupol
In Ukraine, humanitarians said on Wednesday that hundreds of people have managed to reach safety after fleeing Mariupol, where there’s also been condemnation for the killing of Lithuanian filmmaker Mantas Kvedaravicius... More>>