Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Year-on-year inflation edged up to 21.8% in May, the 7th consecutive month of increase and the largest annual price rise since January 2018;
According to OPEC secondary sources data, Angola produce around 1.28 million barrels per day (mbd) in May (-13.3% yoy);
In international markets, Brent gained ground, having closed the week above USD 42;
In Q1 2020, the Government disbursed around AOA 63.7 billion (Bn) to settle arrears;
Last week, the President authorized beginning of the process to sell Sonangol's 25% stake in Banco Caixa Geral Angola.

Best regards,
BFA

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