Press Release No. 25/428

IMF Staff Completes 2025 Article IV Consultation Mission to Angola

December 17, 2025

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF's Executive Board for discussion and decision.
  • Angola’s economic growth for 2025 is projected 1.9 percent largely due to lower oil production and moderate growth in non-oil sector activity.
  • Staff and authorities had a productive engagement on reducing Angola’s vulnerabilities to oil shocks while meeting development needs and social expectations.
  • Angola’s Article IV consultation is expected to be discussed at the Executive Board of the International Monetary Fund (IMF) in February 2026.

Luanda, Angola: An IMF team lead by Ms. Mika Saito held Angola’s 2025 Article IV consultation discussions during December 1-16. Angola’s economic growth slowed in 2025 largely due to lower oil prices, production, and moderate growth in non-oil sector activity. Real GDP growth is projected at 1.9 percent, a decline from 4.4 percent in 2024. While inflation remains elevated, inflationary pressures continued to ease and is now projected to end 2025 at 17.2 percent. Growth is projected to remain subdued at 2.0 percent in 2026, with a gradual recovery over the medium term dependent on progress in economic diversification, while inflation is expected to continue its gradual decline. Near-term financing pressures remain elevated with sizable debt service. The 2026 budget reflects the authorities’ strong resolve in adjusting expenditures and containing emerging risks   to preserve macroeconomic stability and debt sustainability, while aiming to protect the most vulnerable and growth momentum. The IMF team thanks the authorities for their productive engagement and hospitality. Angola’s 2025 Article IV consultation is expected to be discussed at the IMF Executive Board in February 2026.

 

 

IMF Communications Department
MEDIA RELATIONS

PRESS OFFICER: Tatiana Mossot

Phone: +1 202 623-7100Email: MEDIA@IMF.org