IMF Staff Completes 2025 Post-Financing Assessment Mission to Angola
IMF News, May 13, 2025
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- Published: May 13, 2025
Mission summary
- An IMF team led by Ms. Mika Saito visited Luanda between May 6-12 to conduct Angola’s 2025 post-financing assessment (PFA).
- Angola’s 2025 PFA is expected to be discussed at the IMF Executive Board in July 2025.
- End-of-Mission press releases convey preliminary findings after a visit to a country; the views expressed are those of IMF staff and do not necessarily represent the views of the IMF’s Executive Board.
Recent macroeconomic performance
- Real GDP growth for 2024 reached 4.4 percent, surpassing earlier projections.
- The 2024 recovery was driven by both stronger oil production and a rebound in the non-oil sector.
- Inflation remained elevated in 2024, but inflationary pressures eased somewhat in the first few months of 2025.
Outlook and revisions
- The outlook has deteriorated significantly compared to the 2024 Article IV consultation, reflecting a fall in oil prices and tighter external financing conditions.
- The preliminary growth projection for 2025 has been revised down to 2.4 percent from 3 percent in the 2024 Article IV consultation.
- Inflation is expected to continue its gradual decline.
Risks and fiscal implications
- The downward revision to the outlook poses risks to fiscal performance.
- Staff highlighted emerging risks to macroeconomic stability and debt sustainability stemming from the weaker outlook.
Authorities’ response and policy stance
- Staff was reassured by the authorities’ strong resolve in containing emerging risks and in identifying mitigating measures.
- Priority aims of authorities and staff engagement included preserving macroeconomic stability and debt sustainability, while protecting the most vulnerable and growth momentum.
Procedural note on PFA
- A Post Financing Assessment (PFA) is expected for countries with outstanding credit above the absolute or quota-based thresholds that do not have an IMF-supported program or a staff-monitored program.
- The PFA reports on the member’s policies, the consistency of the macroeconomic framework with the objective of medium-term viability and the implications for the member’s capacity to repay the Fund.
Media contact
- IMF Communications Department, MEDIA RELATIONS
- PRESS OFFICER: Tatiana Mossot
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- @IMFSpokesperson
IMF Staff Completes 2025 Post-Financing Assessment Mission to Angola — Press Release No. 25/143, May 13, 2025