{
  "title": "Angola: Financial Sector Assessment Program-Financial System Stability Assessment",
  "publication": "IMF Staff Country Reports, May 8, 2026",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2026/05/08/angola-financial-sector-assessment-program-financial-system-stability-assessment-575957",
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  "summary": "The FSAP takes place as the economy shows signs of recovery, but lingering concerns remain over liquidity pressures, given the fragile fiscal position and looming sizable external debt service.",
  "sections": [
    {
      "heading": "Economic context and timing",
      "content": "- The FSAP takes place as the economy shows signs of recovery, but lingering concerns remain over liquidity pressures, given the fragile fiscal position and looming sizable external debt service.\n- Angola’s oil-dependent economy recovered in 2024; yet sovereign and private financing conditions remained tight."
    },
    {
      "heading": "Key findings on the financial sector",
      "content": "- The bank-dominated financial sector is small and appears adequately capitalized on average.\n- Certain vulnerabilities persist:\n  - High non-performing loans.\n  - A substantial sovereign-bank nexus.\n  - Exposure to foreign exchange risks.\n  - Exposure to climate-related financial risks."
    },
    {
      "heading": "Liquidity and funding profile",
      "content": "- Liquidity indicators are high.\n- The bulk of banks’ funding comes from residents’ deposits."
    },
    {
      "heading": "Thematic coverage and subjects",
      "content": "- Subject areas listed: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Economic sectors, Financial sector, Financial Sector Assessment Program, Financial sector policy and analysis, Financial sector stability.\n- Keywords include: Africa, Anti-money laundering and combating the financing of terrorism (AML/CFT), capital market, Financial sector, Financial Sector Assessment Program, Financial sector stability, Fsap finding, Global, liquidity indicator, Middle East, problem bank, Southern Africa, systemwide liquidity analysis.\n\n---\n\n Content in this bundle\n\n- Executive Summary\n  - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 8, 2026",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798229044516.002",
    "The FSAP takes place as the economy shows signs of recovery, but lingering concerns remain over liquidity pressures, given the fragile fiscal position and looming sizable external debt service.",
    "Angola’s oil-dependent economy recovered in 2024; yet sovereign and private financing conditions remained tight.",
    "The bank-dominated financial sector is small and appears adequately capitalized on average.",
    "Certain vulnerabilities persist:",
    "Liquidity indicators are high.",
    "The bulk of banks’ funding comes from residents’ deposits.",
    "Subject areas listed: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Economic sectors, Financial sector, Financial Sector Assessment Program, Financial sector policy and analysis, Financial sector stability.",
    "Keywords include: Africa, Anti-money laundering and combating the financing of terrorism (AML/CFT), capital market, Financial sector, Financial Sector Assessment Program, Financial sector stability, Fsap finding, Global, liquidity indicator, Middle East, problem bank, Southern Africa, systemwide liquidity analysis.",
    "**Executive Summary**"
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