BFA - Angola Weekly

Dear subscriber [name],

Attached is the weekly report of the Angolan economy.

Highlights:

• Angola's public debt likely rose to close to 91.8% of GDP, an increase of 30 percentage points that was due exclusively to the effect of the loss of value of the Kwanza;
• The International Monetary Fund (IMF) concluded the first post-evaluation financing discussions with Angola and revised downwards the forecast for economic growth this year, from 3.5% to 0.9%;
• International reserves ended the month of August at close to USD 14.1 Bn, USD 305.5 million more than the previous month;
• Oil prices reached November 2022 highs, after Saudi Arabia and Russia announced a new extension of voluntary production cuts until the end of the year.

Best regards,
BFA

If you wish to cancel your subscription, please click here.

Company Headquarters
Rua Amílcar Cabral, 58, Maianga – Luanda
Telephone: 222 638 900 • Fax: 222 638 911
www.bfa.ao

Speak to us

Available 24 hours a day. If you have questions,
suggestions or complaints, talk to us.

Social Networks

This message (including any attachments) is intended only for the use of the individual or entity to which it is addressed and may contain information that is non-public, proprietary, privileged, confidential, and exempt from disclosure under applicable law or may constitute as attorney work product. If you are not the intended recipient, you are hereby notified that any use, dissemination, distribution, or copying of this communication is strictly prohibited. If you have received this communication in error (i) destroy this message if a hard copy or (ii) delete this message and any attachments if this is an electronic communication. This message and any attachments are the exclusive responsibility of the sender, and BFA cannot be held liable for any eventual consequences that may arise from it.