Angola

A delegation from the International Monetary Fund (IMF) has started official talks with the Angolan authorities in Luanda to deepen the diagnosis of Angola’s macroeconomic situation and strengthen cooperation.

The IMF team will discuss with national officials, till Nov. 15, the macroeconomic prospects and risks, public debt sustainability, the country’s external accounts, business environment, economic diversification and inclusive growth, financial system soundness, assets management and the fiscal policy.

“Given the new political circumstances of the country, the IMF will update the macroeconomic projections and maintain a dialogue with the economic authorities and the civil society as a preliminary step to the annual consultation for the fiscal year of 2017, scheduled for January 2018,” the Ministry of Finance said.

The IMF’s mission to Angola falls under Article IV concerning the process of regular monitoring, consultation and monitoring of national economies, which should happen only in early 2018, due to the general elections held in the country in August 23, which led to the election of Joao Lourenco as the new Angolan President.

The delegation of the IMF has also scheduled meetings with public and private entities, diplomatic corps accredited to Angola, officials of the ministry of economic, the National Bank of Angola, Financial Information Unit, commercial banks, The Oil State Company (Sonangol), Sovereign Fund, the Attorney General’s Office, among others entities. Enditem

Source: Xinhua/NewsGhana.com.gh

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