BFA - Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

  •  The International Monetary Fund (IMF) has revised their global economic growth forecasts for 2024 upwards, due to greater resilience in the North American economy and several large emerging markets, as well as fiscal support in China;

  • The volume of credit to the private sector, in December, stood at close to AOA 4.1 trillion, registering a nominal increase of 24% yoy, which corresponds to around 805 billion (B);

  • International reserves ended the month of January at close to USD 14.6B, a growth of 3.6% compared to the same month in the previous year;

  • In January 2024, the Angolan securities exchange traded around AOA 766 B, around 671 B more than the same period of the previous year;

  • The Federal Reserve's Monetary Policy Committee (FOMC) met on the 30th and 31st and decided to keep interest rates unchanged, in accordance with market forecasts.



Best regards,
BFA


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