IMF Mission in Angola to Assess Debt Repayment Risks
An International Monetary Fund (IMF) mission concludes this week a post-financing assessment visit to Angola to monitor the country’s debt servicing capacity and potential risks to this commitment.
© Lusa
Economia FMI
According to a statement from the Ministry of Finance, the mission led by the Deputy Director of the African Department, Amadou Sy, will take place from May 7 to 17, within the scope of the Post-Financing Assessment (PFA) economic surveillance.
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The delegation's agenda includes meetings with the Ministers of State for Economic Coordination, José de Lima Massano, Finance, Vera Daves de Sousa, Planning, Vítor Hugo Guilherme, Industry and Commerce, Rui Miguêns, and also with the governor and deputy governor of the National Bank of Angola (BNA) Manuel Tiago Dias and Pedro Silva, respectively.
Topics such as economic and budgetary perspectives, contingency measures, monetary and exchange rate policies, oil sector forecasts, debt outlook and economic diversification policies, among others, will be on the table.
The Extended Fund Facility (EFF) was approved on December 7, 2018, with a loan of 3.7 billion dollars (3.43 billion euros), an amount that increased to 4.5 billion dollars (4.18 billion euros) , in the third evaluation, at the request of the Angolan authorities, to support macroeconomic reforms and mitigate the impact of the covid-19 pandemic.
Angola concluded in December 2021 the sixth and final evaluation of the Extended Fund Facility (EFF) financing program, which lasted three years and had a total disbursement of 4.5 billion dollars.
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