Dear subscriber [name],
Here is this last week’s Angola Weekly.
Highlights:
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In the 1st half of 2022, Angola had a surplus in public accounts of AOA 1.1 billion, between 3-4% of GDP, according to our estimate.
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Moody's last week improved the outlook for the evolution of Angola's rating from Stable to Positive.
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The consultancy Fitch Solutions has improved its growth estimate for Angola in 2022 from 3.5% to 4%.
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In the foreign exchange market, the Kwanza devalued this week by 2.3% against the Dollar and 2.7% against the Euro, closing at USD/AOA 452.7 and EUR/AOA 443.1.
Best regards,
BFA
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