Angola: Explain Missing Government Funds – Passion of the Present

The government of Angola should promptly provide a full public accounting for US$32 billion in missing government funds thought to be linked to the state oil company. A December 2011 report by the International Monetary Fund revealed that the government funds were spent or transferred from 2007 through 2010 without being properly documented in the budget. The sum is equivalent to one-quarter of the country’s Gross Domestic Product (GDP).

(Washington, DC) – The government of Angola should promptly provide a full public accounting for US$32 billion in missing government funds thought to be linked to the state oil company, Human Rights Watch said today.