Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The Angolan economy shrunk 5.8% yoy in the third quarter of 2020, having decreased 5.0% in the first 9 months of the year as a whole, compared to 2019;
Last Monday, the IMF approved the 4th Review of the Angolan EFF, having disbursed approximately USD 487.5 million in this tranche;
In 2020, the average annual inflation was 22.18%, 5.08pp above the 2019 average;
The Government expects to contract AOA 6.18 trillion (Tn) in debt this year - AOA 4.00Tn in external debt and AOA 2.19Tn in internal debt, according to the Annual Debt Plan.

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BFA

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