Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Yearly inflation in March stood at 10.8%, a drop of 0.7 percentage points (pp) compared to January, signaling the fourteenth consecutive month of decline.
According to data collected by OPEC, Angola produced only 1.01 million barrels per day (mbd) of crude in March, clearly affected by the stoppage of the Dalia oil field, in Block 17.
The International Monetary Fund (IMF) projects growth of the Angolan economy in 2023 to 3.5%, 0.7pp more compared to 2022.
International Reserves closed March at USD 14.1Bn (-4.6% yoy), 131.6 million more compared to the previous month.

Best regards,
BFA

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