IMF Staff Country Reports

Angola: 2024 First Post-Financing Assessment-Press Release; and Staff Report

Publication Date:

July 15, 2024

Electronic Access:

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Summary:

Angola remained resilient in the face of significant challenges in 2023, including weaker oil production and prices. However, the gains from fiscal consolidation were lower-than-anticipated and inflation increased. Angola’s capacity to repay the Fund is adequate though subject to risks. In the event of an adverse scenario involving a prolonged oil price shock, repayment indicators would weaken but remain adequate.

Series:

Country Report No. 2024/224

Subject:

Commodities Economic sectors Energy subsidies Exchange rates Expenditure External debt Foreign exchange Oil Oil prices Oil production Oil sector Prices Production Public debt

Frequency:

regular