Ver Angola


“Angola has started to take important steps towards sustainable finance”, says Secretary of State for the Budget

The Secretary of State for the Budget and Public Investment (SEOIP), Juciene Cristiano de Sousa, said this Thursday that Angola has started to take important steps in the framework of sustainable finance, with the discussion and approval by the Executive of the document that aligns the strategy indebtedness with the country's social and environmental policies.


The official made reference to the Operational Framework for Sustainable Financing (QOFS), which establishes how to channel the mobilized resources towards projects with social and environmental impact, following the commitments to reach the goals of sustainable development.

While speaking at the opening of the Angola Banking Conference, held this year under the theme "Banking and the ESG Challenges", Judiene de Sousa also advanced that the QOFS essentially aims to ensure that the funds to be mobilized by Angola via financing instruments sustainable development are actually channeled to eligible projects and expenses, thus allowing the scope and monitoring of the commitments assumed by the State.

At the event, held by Revista Economia e Mercado in partnership with PwC Consultant, SEOIP asserted that banks play a crucial role in the concern for a more sustainable world, due to their impact on the economy.

But, she stressed, ESG criteria cannot just be a matter of reputation or compliance. They require banks to have the human and technological capacity to develop innovative financial solutions that promote sustainability.

"For example, banks can offer financial solutions that encourage the adoption of sustainable practices by companies, such as loans with lower interest rates for renewable energy projects, or encourage the issuance of green and/or blue bonds capable of financing projects with energy efficiency and environmental", suggested the Secretary of State, quoted in a note from the Ministry of Finance to which VerAngola had access.

The Angola Banking Conference is held with the aim of analyzing how Angolan banking can create shortcuts and speed up the implementation of Environmental, Social and Governance (ESG) principles, outline the goals of national banking with regard to the commitment to ensure business profitability , and evaluate strategies aimed at financing projects that guarantee less negative externalities to the environment and society in general, while raising governance standards.

Executives and personalities from Banca de Angola and Portugal took part in the forum, with emphasis on Inokcelina Santos, administrator of BAI, Sandro Africano, deputy CEO of BNI, João Pires, PCE of Caixa Angola, Miguel and Raposo Alves, Miguel Passanha, Chief Risk Officer (CRO) of Millennium BCP and Nuno Cordeoiro, responsible for FS Risk and Regulation Advisory.


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