The granting of the sovereign guarantee aims to cover 75 percent of the credit risk of the financing line to be contracted with Banco de Fomento Angola (BFA) to operationalize the 2024-2025 Campaign Agricultural Credit Program, through the issuance of Non-Adjustable Treasury Bonds with a maturity of ten years.
According to the document consulted by Lusa, the purpose of issuing this State guarantee is to provide credit operations for medium and small-scale commercial agricultural producers for the coffee campaign.
The preamble to the order refers to the need to mobilize funds to encourage large-scale commercial agriculture and the progressive increase in market-oriented production that will enable the objectives of import substitution and food security to be achieved.
