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Angola’s Interest Rate fixings generate USD 270 Million in potential savings

Angola’s Interest Rate fixings generate USD 270 Million in potential savings

The World Bank Treasury supported Angola to reduce interest rate risks on 98 percent of their IBRD outstanding debt amount and helped create up to USD 270 million in potential savings on the estimated interest repayment. As the interest rates started to increase globally in 2021, the Angolan government was concerned about financial risks associated with variable reference rates. […]