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Armando Manuel
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] Early life and education
Manuel graduated in economics from the Agostinho Neto University in 1996, and holds a MSc in economics from London Guildhall University in 2001.[4] PoliticsIn 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] EconomyIn 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
External linksInformation related to Armando Manuel |
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