Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

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.
Moody's last week improved the outlook for the evolution of Angola's rating from Stable to Positive.
The consultancy Fitch Solutions has improved its growth estimate for Angola in 2022 from 3.5% to 4%.
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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