Angola's Ministry of Finance calls for faster, coordinated application of the corporate recovery and insolvency regime as non-performing loans near 20%

Angola’s Ministry of Finance, through Secretary of State Juciene de Sousa, used the opening of the 1st International Conference on Corporate Recovery and Insolvency to urge a step-change in how the corporate recovery and insolvency framework is implemented, framing restructuring as a practical alternative to dissolution. The ministry also highlighted credit quality pressures, noting that around 20% of bank lending is in default. The remarks pointed to the entry into force of Law No. 13/21 as a shift towards an internationally aligned regime that prioritises recovery over liquidation, but stressed that delivery will require changes in market and court practices, stronger institutional capacity, and specialist training. The ministry called for shared responsibility across the public and private sectors, academia and justice system actors, including private-sector proposals that work in local market conditions, academic training of judges, insolvency administrators, forensic economists and lawyers, and faster, economically informed application of the new law by courts. RECREDIT’s chair Valter Barros linked elevated non-performing loans to reduced liquidity for new financing and broader economic stability, positioning RECREDIT as a driver of corporate revitalisation.