Edition 1424
20 May 2017
Edition: 1424

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PM wants to attract Arab investors to absorb Portuguese debt

by TPN/ Lusa, in Business · 11-05-2017 15:17:00 · 0 Comments

Portugal’s Prime Minister, António Costa, said this week that diversifying creditors for Portuguese debt was essential to reduce interest charges and he put Arab investors on the list of priorities for “active management” of sovereign debt.

PM wants to attract Arab investors to absorb Portuguese debt

Prime Minister Costa was speaking on Monday to journalists in Doha during an official 24-hour visit to Qatar, after a lunch hosted by his counterpart, Abdullah bin Nasser bin Khalifa Al Thani.
Asked about the presence of the president of Portugal’s debt agency IGCP (Agência de Gestão da Tesouraria e da Dívida Pública), Cristina Casalinho, in Doha, the Prime Minister said the Portuguese government “is focusing strongly on reducing the cost of debt,” and one of the ways was to seek out new investors.
“We are here [in Qatar] working with investors from the Arab world with that in mind,” Costa said.
In terms of debt management, Costa said that Portugal was “making an effort to reduce the debt taken on from the IMF [International Monetary Fund], which has very high interest rates.”
“Therefore, we have sought to diversify our creditors, in order to get better market conditions,” he explained.

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Edition 1424
20 May 2017
Edition: 1424

Read this week's issue online exactly as it appears in print.

Twitter

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