Armando Manuel (born March 24, 1972[citation needed]) is an Angolan MPLA politician who was Minister of Finance of Angola from 2013 to 2016.[1] Prior to his appointment, he served as the Secretary for Economic Affairs of the President and the Chairman of the Angola Sovereign Wealth Fund.[2][3]
Armando Manuel | |
|---|---|
 Manuel at Chatham House, March 2016 | |
| Minister of Finance | |
| In office 9 May 2013 – 5 September 2016 | |
| President | José Eduardo dos Santos |
| Preceded by | Carlos Alberto Lopes |
| Succeeded by | Archer Mangueira |
| Personal details | |
| Born | 24 March 1972 |
| Political party | People's Movement for the Liberation of Angola |
| Alma mater | Agostinho Neto University London Guildhall University |
Early life and education edit
Manuel graduated in economics from the Agostinho Neto University in 1996, and holds a MSc in economics from London Guildhall University in 2001.[4]
Politics edit
In 2002, Manuel led the Department of Treasury's operations, and moved to the Ministry of Finance in 2006 to become the department's director.[5] While in the Ministry of Finance, Manuel was appointed Minister of Finance on 9 May 2013 and took over Carlos Alberto Lopes's position.[6]
On 17 August 2015, Manuel cosigned an agreement for ¥23.6 trillion with JICA's president Akihiko Tanaka.[7]
Manuel remained the Minister of Finance until 5 September 2016 when he was fired by the President of Angola José Eduardo dos Santos and replaced by Archer Mangueira.[8]
Economy edit
In October 2015, Manuel signed off on an agreement to sell bonds valued up to $2 billion as a temporary solution for the stalled debut of the Eurobond.[9] When Angola's Eurobond was sold on November 5, 2015, for $1.5 billion, Manuel did not reveal what the funds would be used for.[10]
In April 2016, Angola requested help from the IMF due to the country's low oil prices. Manuel emphasized that Angola was seeking aid to strengthen Angola's economy, and not asking for a bailout from the IMF.[11] The negotiations between the IMF and Angola ended July 2016, which led to Manuel's firing.[8]
References edit
- ^ "Galeria dos Ministros das Finanças". www.minfin.gov.ao. Ministerio das Finanças, Angola.
- ^ "Armando Manuel's appointment as Angola's new Finance Minister" (PDF) (Press release). Luanda: Fundo Soberano de Angola. 7 May 2013. Archived from the original (PDF) on 3 March 2016. Retrieved 22 November 2013.
- ^ "Angola: Chefe de Estado remodela Executivo". ANGOP (in Portuguese). Luanda, Angola: Agência Angola Press. 6 September 2016. Retrieved 15 September 2016.
- ^ "Armando Manuel ministro das Finanças do ano para a African Banker". angonoticias.com (in Portuguese). Retrieved 11 November 2016.
- ^ "Armando Manuel". World Bank. Retrieved 10 November 2016.
- ^ "Angola: President Swears in New Government Officials". allafrica.com. Retrieved 10 November 2016.
- ^ "Angola and Japan Sign Loan Agreement". angola.or.jp. Retrieved 11 November 2016.
- ^ a b Coroado, Herculado. "Angolan President fires finance minister Manuel". af.reuters.com. Archived from the original on 6 September 2016. Retrieved 10 November 2016.
- ^ Mendes, Candido. "Angola to Sell $2 Billion Bonds Locally as Eurobond Delayed". bloomberg.com. Retrieved 11 November 2016.
- ^ Coroado, Herculano. "UPDATE 3-Angola raises $1.5 billion in debut Eurobond to fund growth". reuters.com. Retrieved 11 November 2016.
- ^ "Angola: IMF Assistance Is Not an Economic Rescue - Finance Minister". allafrica.com. Retrieved 11 November 2016.