Dear subscriber [name],
Here is this last week’s Angola Weekly.
Highlights:
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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.
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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.
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Non-performing loans stood at 21.2% in March this year, an increase of 0.9pp compared to the value in December 2021.
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The Angolan President approved last Tuesday a 10% increase in retirement pensions.
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Last week, Angola approved 4 major financing agreements, totaling USD 2.6Bn.
Best regards,
BFA
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