{ "title": "IMF Staff Completes 2025 Post-Financing Assessment Mission to Angola", "publication": "IMF News, May 13, 2025", "sourceUrl": "https://www.imf.org/en/news/articles/2025/05/13/pr-25143-angola-imf-staff-completes-2025-post-financing-assessment-mission", "canonical": "https://www.imf.org/en/news/articles/2025/05/13/pr-25143-angola-imf-staff-completes-2025-post-financing-assessment-mission", "overlayPath": "/en/news/articles/2025/05/13/pr-25143-angola-imf-staff-completes-2025-post-financing-assessment-mission/index.md", "summary": "An IMF team lead by Ms. Mika Saito visited Luanda between May 6-12 to conduct Angola’s 2025 post-financing assessment", "publishDate": "2025-05-13", "sections": [ { "heading": "Mission summary", "content": "- An IMF team led by Ms. Mika Saito visited Luanda between May 6-12 to conduct Angola’s 2025 post-financing assessment (PFA).\n- Angola’s 2025 PFA is expected to be discussed at the IMF Executive Board in July 2025.\n- 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." }, { "heading": "Recent macroeconomic performance", "content": "- Real GDP growth for 2024 reached 4.4 percent, surpassing earlier projections.\n- The 2024 recovery was driven by both stronger oil production and a rebound in the non-oil sector.\n- Inflation remained elevated in 2024, but inflationary pressures eased somewhat in the first few months of 2025." }, { "heading": "Outlook and revisions", "content": "- The outlook has deteriorated significantly compared to the 2024 Article IV consultation, reflecting a fall in oil prices and tighter external financing conditions.\n- The preliminary growth projection for 2025 has been revised down to 2.4 percent from 3 percent in the 2024 Article IV consultation.\n- Inflation is expected to continue its gradual decline." }, { "heading": "Risks and fiscal implications", "content": "- The downward revision to the outlook poses risks to fiscal performance.\n- Staff highlighted emerging risks to macroeconomic stability and debt sustainability stemming from the weaker outlook." }, { "heading": "Authorities’ response and policy stance", "content": "- Staff was reassured by the authorities’ strong resolve in containing emerging risks and in identifying mitigating measures.\n- Priority aims of authorities and staff engagement included preserving macroeconomic stability and debt sustainability, while protecting the most vulnerable and growth momentum." }, { "heading": "Procedural note on PFA", "content": "- 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.\n- 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." }, { "heading": "Media contact", "content": "- IMF Communications Department, MEDIA RELATIONS\n- PRESS OFFICER: Tatiana Mossot\n- Phone: +1 202 623-7100\n- Email: MEDIA@IMF.org\n- @IMFSpokesperson\n\nIMF Staff Completes 2025 Post-Financing Assessment Mission to Angola — Press Release No. 25/143, May 13, 2025\n\n---\n\n\n References\n\n- Angola and the IMF\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2025/05/13/pr-25143-angola-imf-staff-completes-2025-post-financing-assessment-mission" } ], "bullets": [ "[Markdown version](/en/news/articles/2025/05/13/pr-25143-angola-imf-staff-completes-2025-post-financing-assessment-mission/index.md)", "[Structured JSON version](/en/news/articles/2025/05/13/pr-25143-angola-imf-staff-completes-2025-post-financing-assessment-mission/index.json)", "[Bundle manifest](/en/news/articles/2025/05/13/pr-25143-angola-imf-staff-completes-2025-post-financing-assessment-mission/bundle-manifest.json)", "Published: May 13, 2025", "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.", "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.", "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.", "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.", "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.", "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.", "IMF Communications Department, MEDIA RELATIONS", "PRESS OFFICER: Tatiana Mossot", "Phone: +1 202 623-7100", "Email: MEDIA@IMF.org", "@IMFSpokesperson", "[Angola and the IMF](http://www.imf.org/external/country/AGO/index.htm)", "[Press Releases](https://www.imf.org/en/news/searchnews)", "[PRESS CENTER](http://presscenter.imf.org/)", "[https://www.imf.org/en/home](https://www.imf.org/en/home)" ], "alternates": { "markdown": "/en/news/articles/2025/05/13/pr-25143-angola-imf-staff-completes-2025-post-financing-assessment-mission/index.md", "json": "/en/news/articles/2025/05/13/pr-25143-angola-imf-staff-completes-2025-post-financing-assessment-mission/index.json", "bundleManifest": "/en/news/articles/2025/05/13/pr-25143-angola-imf-staff-completes-2025-post-financing-assessment-mission/bundle-manifest.json" }, "generatedAtUtc": "2026-09-26T03:52:03.118Z" }