At a Glance
- Current IMF membership: 190 countries
- Angola joined the Fund on September 19, 1989.
- Total Quota: SDR 740.1 million
- Budget summary tables drawn from the Government 2018 budget document
- Latest High Frequency Macroeconomic Data, May 2022 (Excel file)
Office Activities
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Listen to the radio interview - available in Portuguese only.
November 14, 2023
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Presentation by Mr. Eyraud at the Catholic University de Angola of the latest Regional Economic Outlook for Sub-Saharan Africa (português)
The IMF team comprised of Ms. Pattillo, Ms. Mossot, and Resident Representative Mr. Lledo was welcomed by over 110 participants: lecturers, professors and a majority of students.
November 1, 2023
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Presentation of Fall 2023 Regional Economic Outlook at Museu da Moeda, Banco Nacional de Angola. (português)
The Governor of Central Bank, Deputy Governor of Central Bank, Minister of Finance, State Secretary for Finances and Treasury, Resident Representative of AFDB; from the IMF was Ms. Pattillo, Mr. Eyraud, and Resident Representative, Mr. Lledo participated in a panel discussion. PDF includes youTube link, photos, PPT presentation, and related media links.
November 1, 2023
IMF's Work on Angola
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China’s Slowing Economy Will Hit Sub-Saharan Africa’s Growth
November 9, 2023
The country’s economic engagement with the region is evolving, with implications for growth, trade, and investment.
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Angola: First Post-Financing Assessment Discussions-Press Release
September 21, 2023
Series:Country Report No. 2023/334
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IMF Executive Board Concludes First Post Financing Assessment Discussions with Angola
September 5, 2023
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. Towards the end of 2022 and the first half of 2023, the oil sector weakened due to the extension of temporary maintenance operations. With declines of both oil prices and production in the first half of 2023, exports and oil revenues declined, resulting in a weakness in the fiscal and external sectors, and a significant depreciation in the nominal exchange rate in June 2023. Following the strong nominal exchange rate depreciation and the partial removal of fuel subsidies, inflation increased in June, to 11.3 percent (from 10.6 percent); for the first time in 15 consecutive months; whereby the BNA (Banco Nacional de Angola) responded by tightening liquidity conditions.
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Economic Growth in Sub-Saharan Africa Could Permanently Decline if Geopolitical Tensions Escalate
May 1, 2023
Countries will need to build resilience to manage the inevitable shifts in trade and foreign direct investment.
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March 6, 2023
Series:Country Report No. 2023/101
Regional Economic Outlook
October 10, 2023
LIGHT ON THE HORIZON?
Still emerging from the COVID-19 pandemic, countries in sub-Saharan Africa have been hit by a sluggish global economy, worldwide inflation, high borrowing costs, and a cost-of-living crisis. In many cases, inflation is still too high, borrowing costs are still elevated, exchange-rate pressures persist, and political instability is an ongoing concern. To ensure that the coming rebound is more than just a transitory glimpse of sunshine, it is important for authorities to guard against a premature relaxation of stabilization policies, while also focusing on reforms to both claw back lost ground from the four-year crisis and also to create new space to address the region’s pressing development needs.
Read the Report
Fraudulent Scam Emails Using the Name of the IMF
We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.For more information please see Fraudulent Scam Emails Using the Name of the IMF
Departmental Papers on Africa
