The technical mission of the International Monetary Fund (IMF) has praised the good performance that the Angolan economy has been observing, but recommended continued improvement of macroeconomic balances, as well as openness to new technical assistance missions to the country.
The IMF team presented Thursday at the headquarters of the National Reserve Bank of Angola (BNA) its vision on the country’s fiscal and monetary policy, in a meeting held behind closed doors, having marked the end of its national technical mission in the framework of article IV of its statutes.
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Article IV of the IMF statutes provides the regular evaluation of the economic policies of member states, implying an assessment of the compatibility of policies with the stability of the international monetary system.
Led by Amadou Sy, the Fund’s mission learnt from the Angolan authorities the indicators referring to the fiscal, monetary and economic development of the country.
The Angolan authorities on its turn, reiterated its commitment to maintaining the course of macroeconomic reforms that lead to stability and sustainable and inclusive economic growth.
In the absence of the minister of Finance, Vera Daves de Sousa, the Angolan delegation was coordinated by the Governor of the BNA, José de Lima Massano.
During the 10-day assessment visit that started December 5, the IMF team held separate meetings with various public and private entities for a deep assessment of the country’s economic and financial situation.
The mission report will be delivered to the Board of Directors of this Bretton Woods financial institution in the near future.
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On December 22, 2021 the Board of Directors of the IMF concluded the sixth and final evaluation of the Extended Fund Facility (EFF) for Angola, which had been under development since December 2018.
The initial financing was raised from 3.7 billion US dollars to USD 4.5 billion US dollars.
The post-program evaluation takes place in July 2023.
