Angola's Ministry of Finance, through its Public Debt Management Unit, reported that it has raised AOA 64 billion via the issuance of sustainable (ESG) bonds to finance the construction and rehabilitation of dams. The unit presented the programme as supporting climate-change mitigation, sustainable agriculture and reforestation, with social objectives including reducing transhumance in the affected region. Banks, brokerages and insurers participated in the transaction, and the National Bank of Angola and the Capital Markets Commission were credited with creating conditions for financial institutions to finance environmental projects. The update also referred to Angola’s Sustainable Finance Framework as the basis for issuing green and social bonds for sectors including renewable energy, water resources, education and health, and highlighted the potential use of instruments such as carbon credits and sustainable bonds to access international climate finance mechanisms.

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