Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

In April, annual inflation was 25.79%, representing a drop of 1.21 percentage points (p.p) compared to March, and the third consecutive month of inflation decline.
Oil exports were close to 1.14 million barrels per day (mbd) in April, -2.6% compared to the same period.
Data independently collected by OPEC point to a year-on-year increase of 1.9% in crude oil production in April, averaging 1.16 mbd.
The Industrial Production Index (IPI) increased by 1.3% in 2021.
Last week, the government ensured funding from the World Bank (USD 500M) and the French Development Agency (USD 207M), both for budget support and reform financing, similar to IMF funding.

Best regards,
BFA

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