The granting of the sovereign guarantee, in the form of a Treasury Bond, to cover 75 percent of the credit risk of the financing line, will be contracted with Banco de Fomento Angola (BFA), according to order no. 01/24 of January 9, signed by the Minister of Finance, Vera Daves de Sousa.
The order, which Lusa had access to this Thursday, states that the measure arises due to the need to mobilize funds to encourage agriculture and subsistence and the progressive increase in market-oriented production, which allows food security to be achieved and the fight against hunger and poverty.
Vera Daves de Sousa also authorizes the issuance of Non-Readjustable Treasury Bonds (OTNR), with a maturity of ten years, to finance the credit risk of the financing line contracted by large, medium and small commercial producers, with BFA, for the coffee campaign.
The special issuance of Treasury Bonds in national currency to finance the 2023-2024 Agricultural Campaign is established for a maximum amount of up to 7.5 billion kwanzas.
