Preceded by Carlos Alberto Lopes Name Armando Manuel | Role Angolan Politician | |
President Jose Eduardo dos Santos Born 24 March 1972 (age 52) ( 1972-03-24 ) Alma mater Agostinho Neto UniversityLondon Guildhall University Similar People Jose Filomeno dos Santos, Manuel Vicente, Jose Eduardo dos Santos, Agostinho Neto, Ana Paula dos Santos | ||
Armando manuel at the mefmi combined forum 2014
Armando Manuel (born March 24, 1972) is an Angolan MPLA politician who was Minister of Finance of Angola from 2013 to 2016. Prior to his appointment, he served as the Secretary for Economic Affairs of the President and the Chairman of the Angola Sovereign Wealth Fund.
Contents
- Armando manuel at the mefmi combined forum 2014
- Angolas long serving finance minister sacked over poor ties with IMF
- Early life and education
- Politics
- Economy
- References
Angola's long-serving finance minister sacked over poor ties with IMF
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.
Politics
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. While in the Ministry of Finance, Manuel was appointed Minister of Finance on 9 May 2013 and took over Carlos Alberto Lopes's position.
On 17 August 2015, Manuel cosigned an agreement for ¥23.6 trillion with JICA's president Akihiko Tanaka.
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.
Economy
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. 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.
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. The negotiations between the IMF and Angola ended July 2016, which led to Manuel's firing.