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ATA - New modern ferry in Vlora – Brindisi line
TIRANA,November20/ATA/-Beginning from November23,the citizens will have the opportunity of traveling from Vlora to Brindisi on board of the new ferry...
NNA - Honoring program of Independence men by Lebanese Republic
NNA-On the occasion of the 76th anniversary of Lebanon's Independence, the Lebanese state honors the men of independence by placing...
APS - تكريم الفائزين بجائزة أحسن بحث في مجال مكافحة السرطان
APS - الجزائر- تم مساء يوم الأحد بالجزائر العاصمة تكريم الفائزين في الطبعة الأولى بجائزة أحسن بحث في مجال مكافحة السرطان سيما الثدي والقولون والمستقيم. ...
APS - 'ابرام عقود لبيع وشراء الغاز الطبيعي المسال والغاز عبر الأنابيب بين "سوناطراك وانجي'
APS - الجزائر- أبرمت الشركة الوطنية للمحروقات سوناطراك والمجمع الطاقوي الفرنسي إنجي عقود متوسطة وطويلة المدى بخصوص بيع وشراء الغاز الطبيعي المسال والغاز عبر الأنابيب, حسب ما افادت يوم الثلاثاء...
APS - منتدى اليونيسكو بباريس: رابحي يبرز الأهمية التي توليها الجزائر للثقافة
APS - باريس- عرض وزير الاتصال، الناطق الرسمي للحكومة و وزير الثقافة بالنيابة حسان رابحي , يوم الثلاثاء بباريس, السياسة الثقافية في الجزائر مبرزا الاهمية التي توليها السلطات...
ATA - Objects discovered in waters near Durrës will soon be put on display at Archaeological Museum
TIRANA, November 18/ATA/ -The objects discovered in marine waters near Durrës will soon be put together at the Archaeological Museum,...
APS - Best Cancer Research Award winners awarded
APS-ALGIERS-The winners in the first edition of the Best Cancer Research Award, mainly breast and colorectal cancers, received their prizes...
APS - Gas supply: SONATRACH, ENGIE seal deal
APS-ALGIERS-National hydrocarbon company SONATRACH and French energy group ENGIE have concluded medium-long term agreements on sale and purchase of liquefied...
APS - UNESCO Forum in Paris: Rabehi stresses importance attached by Algeria to culture
APS - PARIS- Minister of Communication, Government’s Spokesman, acting Minister of Culture Hassan Rabehi presented Tuesday, in Paris, Algeria’s cultural...
NNA - المنتدى العربي للبيئة والتنمية: لتطوير المنهج التربوي بشريا وتقنيا وماديا ليصبح تفاعليا
وطنية - ترأست رئيسة المركز التربوي للبحوث والإنماء الدكتورة ندى عويجان جلسة العمل الرابعة ضمن فاعليات المؤتمر السنوي الثاني عشر للمنتدى العربي للبيئة والتنمية في البلدان العربية الذي عقد في...
ATA - Albania, Italy and Montenegro to cooperate on new links of water transport
TIRANA, November 20/ATA/- Albania, Italy and Montenegro are expected to boost co-operation through new water transport links for the development...
NNA - جان الاشقر أول لبناني يفوز بجائزة Green Talents Award في برلين
وطنية - نجح الدكتور جان الاشقر ابن الـ28 عاما، والحائز دكتوراه Biochimie من كلية العلوم في جامعة القديس يوسف، ودكتوراه في الهندسة الكيمائية، من جامعةUniversité de Bretagne bonjour Sud -...
APS - Cancer: distinction des lauréats du prix de la meilleure recherche
APS-ALGER-Les lauréats de la 1ère édition du prix de la meilleure recherche dans le domaine du cancer notamment les cancers...
APS - Sonatrach-ENGIE: accords d'approvisionnement en GNL et gaz
APS - ALGER - La compagnie nationale des hydrocarbures, SONATRACH et le groupe énergétique français ENGIE ont conclu des accords...
APS - Forum de l'Unesco: Rabehi relève l’importance accordée par l'Algérie à la culture
APS - PARIS - Le ministre de la Communication, porte-parole du gouvernement, ministre de la Culture par intérim, Hassen Rabehi,...
CNA - الرئيس اناستاسياديس يشارك في أعمال حزب الشعب الأوروبي
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
يشارك الرئيس نيكوس اناستاسياديس في أعمال المؤتمر الانتخابي لحزب الشعب الأوروبي في زغرب - كرواتيا. ...
Lusa - Business News - Portugal: PSI20 stocks close Wednesday session down 0,77% in line with Europe
Lisbon,Nov.20,2019(Lusa)–The main index of the Lisbon Stock Exchange, the PSI20, closed Wednesday with a fall of 0.77% to 5,219.58 points,...
Lusa - Business News - Angola: Government extends deadline for tenders for mining rights
Luanda, Nov.20,2019 (Lusa)–The deadline for submission of tender applications for the allocation of mining rights for diamonds, irons and phosphates...
Lusa - Business News - Portugal: Ministries call for reduced water consumption in agriculture, tourism,
Lisbon, Nov.20,2019 (Lusa)-The Environment and Agriculture Ministries have on Wednesday argued that less water needs to be used by local...
Lusa - Business News - Portugal: Emigrants' remittances fall 5,23% in September YoY to € 308 M
Lisbon, Nov.20,2019 (Lusa)-Emigrants' remittances fell 5.23% in September to €308.89 million, a trend also seen in the funds sent home...
Lusa - Business News - Angola: Namibia discusses construction of cross-border dam on Cunene river
Luanda, Nov. 20, 2019 (Lusa) - Angola's energy and water minister on Wednesday said that Angola and Namibia are currently...
CNA - رئيس البرلمان الأوروبي يثير مع وزير خارجية تركيا مسألة التنقيب غير القانوني لتركيا في شرق المتوسط
وكالة الأنباء القبرصية - بلجيكا / بروكسل - اثاناسيوس اثاناسيو
ذكر بيان مكتوب صادر عن رئيس البرلمان الأوروبي ديفيد ساسولي، أن ساسولي اجتمع بوزير الخارجية التركي مولود جاويش أغلو بناءً على...
Lusa - Business News - Angola: Finance minister says country will apply resources better
Luanda, Nov.20,2019 (Lusa)-The Angolan finance minister on Wednesday said in Luanda that current conditions do not allow for less debt,...
Lusa - Business News - Portugal: End the sport of "stop-start" of infrastructure projects- Minister
Matosinhos, Porto,Nov.20,2019 (Lusa)–The Minister for Infrastructure on Wednesday called for the end of the national sport that is the "stop-start"...
Lusa - Business News - Portugal: EU court rejects 2nd appeal against exclusion of €9B agriculture funds
Luxembourg, Nov. 20, 2019 (Lusa) - The Court of Justice of the European Union (CJEU) on Wednesday dismissed an appeal...
Lusa - Business News - Cabo Verde: Interilhas rejects controversy over maritime connections
Praia, Nov. 20, 2019 (Lusa) - The executive director of CV Interilhas, which has had the concession of maritime transport...
Lusa - Business News - Macau: Weight of gaming grows in 2018, worth over half tertiary sector
Macau, China, Nov.20,2019 (Lusa)-The weight of gambling activity in Macau returned to growth in 2018 and covers more than half...
Lusa - Business News - Portugal: Public works tenders up 71% until October, Contracts up 16%
Lisbon,Nov.20,2019 (Lusa)-Public works tenders launched up to the end of October in Portugal increased by 71% compared to the same...
Lusa - Business News - Portugal: Communication, Internet prices must be cut - Regulator
Lisbon, Nov. 20, 2019 (Lusa) - The chairman of the National Communications Authority (Anacom), João Cadete de Matos, on Wednesday...
Lusa - Business News - Portugal: Airport sparks interest of investors in real estate
Montijo, Portugal, Nov.20,2019 (Lusa)–The Portuguese real estate sector has said that the new Montijo airport has sparked the interest of...
Lusa - Business News - Portugal/Spain: Binational fair opens in Badajoz with 130 exhibitors
Badajoz, Spain, Nov.20,2019 (Lusa)-The 30th edition of Fehispor, Fair of Spain and Portugal, begins on Thursday in the Spanish city...
CNA - موسكو ترحب بالاجتماع الثلاثي بشأن قبرص في برلين
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
رحبت موسكو بنية الأمين العام للأمم المتحدة أنطونيو غوتيريس في عقد اجتماع ثلاثي في برلين الاثنين المقبل مع الرئيس القبرصي نيكوس...
Lusa - Business News - Portugal: Brussels warns again of significant risk of deviation by 2020 budget
Lisbon, Nov. 20, 2019 (Lusa) – The European Commission on Wednesday reiterated that Portugal's draft budgetary plan for 2020 poses...
Lusa - Business News - Macau: Government sets up cyber-security commission
Macau, China, Nov. 20, 2019 (Lusa) - The government of Macau on Wednesday presented an administrative regulation for the establishment...
Lusa - Business News - Angola: Country places $3B with interest rates between 8%, 9.125%
Luanda, Nov.20,2019 (Lusa)- On Tuesday in London, Angola issued Eurobonds worth $3 billion (€2.7 billion), for ten and 30 years,...
CNA - Cyprus' draft budgetary plan is compliant with the stability and growth pact, Commission finds
CNA - Athanasios Athanasiou - Brussels
The Draft Budgetary Plan of Cyprus along with the plans of Germany, Ireland, Greece, Cyprus,...
Lusa - Business News - Macau: Territory should invest in renewables, abandon 'old fossil energy style' - UN
Macau, China, Nov. 20, 2019 (Lusa) - The Macau government should have a clear commitment to renewable energy and abandon...
Lusa - Business News - Portugal: Greta Thunberg in parliament late November, early December
Lisbon, Nov.20,2019 (Lusa)- Swedish activist Greta Thunberg has agreed to take part in a session at the parliament in Lisbon,...
Lusa - Business News - Portugal: ANA proceeds with night works from January at Lisbon airport
Lisbon, Nov.20,2019 (Lusa)–Portugal's airport manager ANA - Aeroportos de Portugal is to start works for the creation of two fast...
CNA - وزير خارجية قبرص يناقش أمور الطاقة والتطورات الإقليمية مع مساعد وزير الخارجية الأمريكية لشؤون الطاقة
وكالة الأنباء القبرصية - الولايات المتحدة / نيويورك - ا زوبانيوتيس
اختتم وزير الخارجية القبرصي نيكوس خريستودوليديس زيارته للعاصمة الأمريكية مساء أمس باجتماع مع مساعد وزير الخارجية الأمريكية لشؤون الطاقة فرانسيس...
CNA - ليماسول تتقدم بترشيحها للعاصمة الرياضية الأوروبية 2020
وكالة الأنباء القبرصية - قبرص / ليماسول - مهى ميخائيل
قدمت ليماسول ترشيحها أمس للقب العاصمة الرياضية الأوروبية 2020.
وقال رومانو أنتونوبولوس ، المتحدث باسم اتحاد عواصم ومدن الرياضة الأوروبية الذي حضر...
Lusa - Business News - Portugal: PSI20 opens 0.43% down at 5,237.28 points
Lisbon, Nov. 20, 2019 (Lusa) – The Lisbon stock exchange opened in negative territory on Wednesday with the main benchmark...
Lusa - Business News - Portugal: Top headlines on Wednesday
Lisbon,Nov.20,2019 (Lusa)–The death of singer and political activist José Mário Branco is in most of the front pages this Wednesday....
Lusa - Business News - Mozambique: Agreement with creditors raises debt to 101% this year - Fitch




London, Nov. 7, 2019 (Lusa) - The financial rating agency Fitch on Thursday said that the resolution of Mozambique's sovereign debt, together with the accumulation of domestic foreign debt, will raise the public debt ratio to 101% of GDP this year.
"We anticipate that public debt, excluding guaranteed domestic debt, will increase from 97% of GDP in 2018 to 101% this year, due to the higher payment on Ematum sovereign debt, the accumulation of foreign arrears and the rise in domestic debt," Fitch analysts wrote in a report on ratings in sub-Saharan Africa.
In the document, sent to clients and to which Lusa had access, Fitch pointed out that the two loans from ProIndicus and Mozambique Asset Management (MAM), worth $1.2 billion, continue to be a vulnerability for the government, representing 13% of the debt, including interest arrears in 2018 and adds that the government may challenge the MAM loan in court, as it has already done with ProIndicus.
Last week, the government said that it had made the payment due by the end of October, fulfilling the necessary conditions to stop being in financial default concerning the creditors of the $726.5 million issued in 2016, which result from the conversion of the bonds of the Mozambican Tuna Company (Ematum).
Fitch anticipated that Mozambique's economic growth will slow this year to 1.8% and then recover to 5% in 2020, driven by reconstruction efforts following cyclones Idai and Kenneth, while public debt, after rising to 101% this year, should fall to 94% and 90% in the following two years.
Fitch said that at a regional level, public debt in sub-Saharan Africa should stabilise at 56% this year, which compares with the forecast of 83.8% for Angola, 123% for Cabo Verde and 100.7% for Mozambique, the three Portuguese-language countries analysed by Fitch Ratings.
The rise in debt combined with a growing recourse to commercial debt and debt issues has caused sub-Saharan African countries' spending on debt interest to have risen to an average of 13% in 2019, with five of the 19 countries analysed with a ratio above 20%, which suggests that there is a limited margin in the event of a shock, analysts said.
Among the 19 countries analysed by Fitch, three have a Negative Evolution Perspective, one has a Positive Evolution Perspective and all the others have a Stable Evolution Perspective.
Fitch expects growth of 4.1% this year, slightly above the 4% of 2018, and expects a slightly higher growth in 2020, estimating that the two largest African economies, Nigeria and South Africa, have a growth in line with that of last year, and anticipate that Angola can simply avoid a new contraction of GDP in 2020, with the rest of the region dividing itself between importers of raw materials, which will have a rapid growth, and a group of exporters of these materials that are still recovering from the shock.
MBA/IMYN // ADB.
Lusa


Agency : LUSA

Date : 2019-11-08 08:46:06







 

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