Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

In the 1st Quarter of 2021, Angolan GDP grew 2.6%, compared to the same period last year – 3rd consecutive quarter of year-on-year increase and the highest value since Q4 2018.
International Reserves dropped to USD 14.3 billion in June, a decrease of USD 0.7Bn compared to May, but still USD 1.1Bn higher than the beginning of the year.
Non-performing loans stood at 21.2% in March this year, an increase of 0.9pp compared to the value in December 2021.
The Angolan President approved last Tuesday a 10% increase in retirement pensions.
Last week, Angola approved 4 major financing agreements, totaling USD 2.6Bn.

Best regards,
BFA

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