Angola's Ministry of Finance outlines a virtual commodity exchange model and calls for new foreign exchange risk hedging instruments

Angola's Ministry of Finance, through remarks by Dilson Gaspar at a BODIVA event, set out how a planned commodity exchange would operate as a virtual venue for trading goods and argued for the development of additional tools to hedge foreign exchange risk. The commodity exchange concept envisages producers selling goods with buyers accessing the market through spot or forward transactions. Gaspar framed exchange rate volatility as a driver for action to support the economy and urged the availability of more sophisticated and better-adapted foreign exchange risk protection instruments, noting that government securities indexed to the exchange rate had played that role around a decade ago. Separately, BODIVA’s Executive Committee Chair Cristina Lourenço reiterated the exchange operator’s focus on making capital markets a viable financing mechanism, citing admissions to trading for BAI, BCGA, ENSA and BODIVA, alongside Sonangol’s bond issuance, and the event also recognised the operators with the highest trading volume in 2024.