Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

According to BNA data, the current account balance remained positive at USD 3.2 billion (Bn) in the first 9 months of 2019, about half compared to the same period last year;
In the first 11 months of the year, the state collected AOA 1.84 trillion in non-oil tax revenue, according to data from the tax authority;
In international markets, the week was marked by volatility in oil prices, with the Brent closing the week slightly above USD 65, after tensions between the US and Iran eased significantly;
No domestic debt issues are expected until the approval of the 2020 Annual Debt Plan.

Best regards,
BFA

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