Angola’s Minister of Finance on Privatisations, Following Through on Free Trade, and Managing the Tricky Balance between Economic Diversification and Oil Dependence

While João Lourenço’s government continues to dominate the headlines - for highly visible corruption indictments against his predecessor José Eduardo dos Santos, his family, and associates - Vera Daves de Sousa, Angola’s young and resolutely optimistic Minister of Finance, is working hard behind the scenes to chart a more financially sustainable path for the country following years of economic distress. The way forward, she tells Bonds & Loans, is through an expansion of the private sector, more sustainable revenue generation, and crucially, finding a delicate balance between generating oil-related revenues and diversifying from a commodity that fundamentally underpins the entire country’s economy.

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