IMF Staff Completes Post-Financing Assessment Mission to Angola

IMF News, September 9, 2026

Source details

Canonical URL: IMF Staff Completes Post-Financing Assessment Mission to Angola

Press Release No. 26/286
Date: September 9, 2026
Mission dates: August 24–September 9, 2026
IMF staff team led by Mika Saito held discussions virtually and in Luanda as part of Angola’s Post-Financing Assessment (PFA).
Angola’s 2026 PFA is expected to be discussed at the IMF Executive Board in November 2026.

Favorable external environment supported:
- a stronger external position
- stronger non-oil activity
- improved market access
- declining inflation
At the same time, the favorable external environment slowed:
- macroeconomic adjustment
- reform momentum critical in reducing Angola’s oil dependence and vulnerabilities
The outlook remains subject to downside risks, including:
- oil price volatility
- tighter external financing conditions
- delays in fiscal consolidation and reform implementation

The mission emphasized that sustaining hard-won macroeconomic stability and productivity gains in the non-oil sector in this shock-prone world will require:
- upfront fiscal consolidation
- prudent monetary policy
- exchange rate flexibility
Further structural reforms highlighted as important for sustainable growth:
- improve the business environment
- strengthen governance
- attract foreign investments
- diversify the economy

Proactive fiscal consolidation to preserve macroeconomic stability.
Prudent monetary policy to maintain price stability and market confidence.
Exchange rate flexibility to help absorb shocks and support adjustment.
Implement structural reforms to:
- reduce oil dependence
- strengthen governance
- improve the business environment
- attract foreign investment and diversify growth sources

The team met with representatives of:
- the government
- the National Bank of Angola
- Parliament
- civil society
- the private sector
- the financial sector
- development partners
The IMF team thanked the authorities for their constructive and open discussions.

A Post-Financing Assessment (PFA) is expected for countries with outstanding IMF credit above the absolute or quota-based thresholds that do not have an IMF-supported program or a staff-monitored program. It reports on the members’ 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.

International Monetary Fund — IMF Staff Completes Post-Financing Assessment Mission to Angola, September 9, 2026.