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International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Concludes First Post Financing Assessment Discussions with Angola

Successful reforms coupled by firmed oil prices supported the Angola’s economic recovery in 2021–22, however, declined oil production has led to significant challenges to the economy

On August 29, 2023, the Executive Board of the International Monetary Fund (IMF) concluded the Post Financing Assessment (PFA)[1], and endorsed the Staff Appraisal on a lapse-of-time basis[2]. Angola’s capacity to repay the Fund is adequate, despite elevated risks. Successful reforms coupled by firmed oil prices supported the Angola’s economic recovery in…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Coronavirus - Angola: Confronting the COVID-19 Pandemic and the Oil Price Shock

Only months after the conclusion of the second review in December 2019, the COVID-19 pandemic reached Angola, ushering in economic and health crises

The COVID-19 pandemic and the shock from the falling price of oil have put severe pressure on Angola since the country’s second review under the Extended Fund Facility (EFF) in December 2019. Only months after the conclusion of the second review in December 2019, the COVID-19 pandemic reached Angola, ushering…