Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

  • Net International Reserves fell by USD 689 million in May -to USD 10.2 billion;

  • In the forex market, the week was marked by an appreciation of the Kwanza against the Dollar (+3.7%) and the Euro (+3.6%);

  • Last week, the Economic Commission of the Council of Ministers analyzed the Revised Budget Proposal for 2020 - the proposal will go to Parliament this week;

  • According to news reports in the press, Angola and China are close to an agreement for a debt moratorium.



Best regards,
BFA


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