IMF intends to check Angola’s economic reality

Abebe Selassie, Deputy Director IMF African Department. IMF (Photo/Ryan Rayburn) Abebe Selassie, Deputy Director IMF African Department. IMF (Photo/Ryan Rayburn)

The visit by the director of the African Department of the International Monetary Fund (IMF) to Angola confirms that the implementation of economic adjustment measures are on track, said Monday in Luanda the head of the Studies and International Relations of Finance Ministry, Emílio Londa.

The official was speaking to the press at the end of the meeting the Finance minister, Archer Mangueira, held with the director of the IMF’s African Department, Abebe Selassi.

Emílio Londa, who praised the meeting, said that the adjustment process allows the country to recover levels of economic growth.

Angola Finance Minister, Archer Mangueira
Angola Finance Minister, Archer Mangueira

Several meetings will be held in the next two days with Angolan officials with a view to learning of the main economic developments underway in the country, particularly the ongoing economic reforms since 2014, he said.

In his turn, the IMF official, Abebe Selassie, said the institution intends to better understand the Angolan economy, as well as the challenges resulting from the drop in oil prices.

He stressed that after the meeting with the incumbent minister of finance, he will meet with other Angolan government officials to address issues related to the economic sector in order to have a better perspective on the country’s reality.

Source: Angop