Flash Note

Dear subscriber [name],

We are sending our most recent Flash Note.

Highlights:

Within the scope of the 2019-2021 National Development Plan, and in order to improve efficiency, together with the objective of making public finances sustainable, the Executive has been carrying out a set of policies in order to restructure and resize state-owned enterprises;
The Program initially included 195 assets and companies, and, according to information we were able to confirm, 38 sales/concessions, 1 liquidation and 1 transfer of assets to another company were successfully completed;
AOA 86.1 billion in cash have already been received, together with around AOA 375 billion in kind (with Pumangol's agreement), amounting to AOA 461 billion, equivalent to USD 768 million

Best regards,
BFA

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