Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The current account recorded a surplus of USD 4.7 billion (bn) in Q1 2022, the highest in the last 10 years.
Angolan debt securities in international markets have suffered important drops, following the trend of other emerging sovereigns, in the context of rising interest rates by the American Federal Reserve.
The limit of monthly transfers through exchange offices was changed from 2 thousand to 5 thousand dollars, through a regulation from the BNA.
The implementation of the Kwenda program – a cash transfer program for low-income people – is accelerating significantly after 3 years of very slow progress.

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BFA

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