Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

In the first quarter of 2021, the current account showed a USD 1.97 billion surplus, an increase of 72.1% compared to the same period of the previous year;
While imports of consumer goods decreased by 3.4% yoy, there were increases in imports of intermediate goods (+1.5% yoy) and capital goods (+16.4% yoy);
At the monetary policy committee (CPM) held last Friday, the BNA decided to adjust some instruments to face the inflationary pressures registered in recent months;
In the IMF report on the 5th Programme review, the institution stated it expects 2021 to be the first year of debt reduction as a percentage of GDP, from 135.1% at the end of 2020 to 113.3% at the end of this year;
Most of the objectives of the 5th review were met, with a somewhat slower progress in structural targets: only 2 out of 9 were met within the deadline.

Best regards,
BFA

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