Ottoniel dos Santos was speaking to journalists at a session organized by the Ministry of Telecommunications, Information Technologies and Social Communication, which addressed the topic "Public Finance Reform and Sustainability Program".
According to Ottoniel dos Santos, the State recently issued treasury bonds on the national market, but for investors operating in Angola, some of whom have foreign currency flows, without any connection to the issuance of Eurobonds.
The government official stressed that Angola is "very closely" monitoring the debt ratio and Gross Domestic Product and the country's solvency in relation to the main macroeconomic indicators, which allows it to enter the international market at the time it deems "most appropriate".
At this time, Ottoniel dos Santos argued, international markets are once again open to countries with the characteristics of Angola, however, for the Government it is not the best time to issue Eurobonds due to the interest rates being charged.
"We believe that these rates are prohibitive and for this reason we are waiting to see what developments are in international markets, especially with regard to the definition of rates", he said.
The Secretary of State for Finance and Treasury stressed that there is a fall in rates, which are a guideline in international markets such as the United States of America and Europe, due to central bank interest rates.
"With this downward trend, there will be more room for countries like Angola, which is a developing country, to have rates that are not so prohibitive", he stressed.
According to Ottoniel dos Santos, this is a view that the Angolan authorities have been sharing with entities linked to international markets.
"In the sense that we understand that the market is currently open to countries like Angola, but we are currently looking at these variables, in the sense that we may be compromising our ability to execute, due to a heavier debt service that we may have", he said.
