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IMF Mission in Angola to Assess Debt Repayment Risks

IMF Mission in Angola to Assess Debt Repayment Risks

A mission from the International Monetary Fund (IMF) is concluding a post-financing assessment visit to Angola this week to monitor the country’s debt repayment capacity and any risks affecting this commitment.

According to a statement from the Ministry of Finance, the mission headed by the Assistant Director of the African Department, Amadou Sy, ran from 7 to 17 May as part of the economic surveillance of the Post Financing Assessment (PFA).

a d v e r t i s e m e n t

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, as well as the Governor and Deputy Governor of the National Bank of Angola (BNA), Manuel Tiago Dias and Pedro Silva, respectively.

On the table will be topics such as the economic and budgetary outlook, contingency measures, monetary and exchange rate policies, oil sector forecasts, debt prospects and economic diversification policies, among others.

a d v e r t i s e m e n t

The Extended Fund Facility (EFF) was approved on 7 December 2018, with a loan of 3.7 billion dollars (3.43 billion euros), which was increased to 4.5 billion dollars (4.18 billion euros) in the third assessment, at the request of the Angolan authorities, to support macroeconomic reforms and mitigate the impact of the covid-19 pandemic.

In December 2021, Angola concluded the sixth and final assessment of the Extended Fund Facility (EFF), which lasted three years and had a total disbursement of 4.5 billion dollars.n in Angola to assess debt repayment risks

A mission from the International Monetary Fund (IMF) is concluding a post-financing assessment visit to Angola this week to monitor debt repayment capacity and any risks affecting this commitment.

According to a statement from the Ministry of Finance, the mission headed by the Assistant Director of the African Department, Amadou Sy, ran from 7 to 17 May as part of the economic surveillance of the Post Financing Assessment (PFA).

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, as well as the Governor and Deputy Governor of the National Bank of Angola (BNA), Manuel Tiago Dias and Pedro Silva, respectively.

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On the table will be topics such as the economic and budgetary outlook, contingency measures, monetary and exchange rate policies, oil sector forecasts, debt prospects and economic diversification policies, among others.

The Extended Fund Facility (EFF) was approved on 7 December 2018, with a loan of 3.7 billion dollars (3.43 billion euros), which was increased to 4.5 billion dollars (4.18 billion euros) in the third assessment, at the request of the Angolan authorities, to support macroeconomic reforms and mitigate the impact of the covid-19 pandemic.

In December 2021, Angola concluded the sixth and final evaluation of the Extended Fund Facility (EFF), which lasted three years and had a total disbursement of 4.5 billion dollars.

Lusa

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