Angola: Post-Financing Assessment Discussions-Press Release; Staff Report; and Statement by the Executive Director for Angola
IMF Staff Country Reports, September 18, 2025
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- Angola: Post-Financing Assessment Discussions-Press Release; Staff Report; and Statement by the Executive Director for Angola
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Bibliographic details
- Published: September 18, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229024730.002
Summary
- Angola’s economic performance was strong in 2024: higher than anticipated growth, fiscal revenue, current account surplus, and lower than anticipated inflation and public debt.
- In 2025, Angola has been hit by volatility in oil prices and sovereign spreads, and weaknesses in oil production in the first half of 2025, amplifying the impact of those shocks.
- The authorities are prepared to adjust as needed while pursuing a medium-term economic growth agenda envisaged in the National Development Plan (NDP) and the African Union (AU)’s Agenda 2063.
Key findings and indicators
- 2024 performance: higher-than-anticipated growth; higher fiscal revenue; current account surplus; lower-than-anticipated inflation; lower public debt.
- 2025 developments: oil price volatility; sovereign spread volatility; weaknesses in oil production in the first half of 2025.
- Subject areas covered: Debt service, Energy subsidies, Expenditure, External debt, Oil prices, Prices, Public debt.
Risks and vulnerabilities
- External shocks: volatility in oil prices and sovereign spreads.
- Domestic production risk: weaknesses in oil production in the first half of 2025 that amplified shock effects.
- Near-term financing and debt dynamics highlighted among keywords (near-term financing needs; Debt service; External debt; Public debt).
Policy posture and recommendations
- Authorities’ stance: prepared to adjust as needed.
- Strategic orientation: continue pursuing the medium-term economic growth agenda set out in the National Development Plan (NDP) and the African Union (AU)’s Agenda 2063.
- Policy themes and reform agenda reflected in keywords: authorities' prudence; credit intermediation; revenue reform agenda; reform initiative; inflation expectation; energy subsidies; expenditure.
Content in this bundle
- 1agoea2025003-source-pdf