Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Oil exports recovered slightly to 1.11 million barrels per day (mbd) in July, from the historic low of 1.08 mbd recorded in the previous month;
In the diamond sector, 5.58 million carats were produced in the first 7 months of the year, an increase of 53.7% compared to 2020;
Last week, the World Bank disbursed USD 700 million to Angola, corresponding to this year's tranche of budget support, agreed in March, and operating similarly to the IMF program;
The issuance of new Special Drawing Rights to member countries of the IMF should take place today, which should raise International Reserves by around USD 1000 million in the case of Angola;
The President of the Republic approved two new supplementary budget credits totaling AOA 108Bn, thus totaling AOA 510Bn this year.

Best regards,
BFA

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