BFA - Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Last week, the Angolan State announced the end of the cap on gasoline subsidy cards until April 30th, a measure defined to mitigate the negative impacts of the beginning of the removal of subsidies.
External public debt ended 2023 at USD 49.6 Billion (B), the lowest value in the last three years.
International reserves ended the month of February valued at USD 14.2 B, USD 349 million less compared to the previous month.
The price of a barrel of Brent oil, a reference for Angolan exports, ended last week trading at USD 82.08, USD -1.47 compared to the end of the previous week, influenced by increases in OPEC production and concerns about attacks in the Middle East.

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BFA

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