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.

 



Best regards,
BFA


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