Africa-Press – Angola. The International Monetary Fund (IMF) has revised downwards the economic growth outlook for Angola in 2025 from 3% to 2.4% and warned of risks to budgetary performance.
The IMF’s findings were released after a post-financing review mission led by Mika Saito, which ran from May 6 to 12, which will produce a report that is expected to be discussed by the IMF’s Executive Board in July 2025.
The IMF highlights that Angola’s economic growth in 2024 was “robust”, reaching 4.4%, driven by the increase in oil production and the recovery of the non-oil sector, but warns that future prospects have deteriorated, generating risks, due to the fall in oil prices and restrictive conditions of external financing.
“Consequently, the preliminary growth projection for 2025 was revised downwards, from 3% to 2.4%, during the consultation under Article IV [bilateral consultation process that the IMF carries out with its member countries to analyse the evolution of the country’s economy and economic policies] of 2024, with inflation expected to continue to decline gradually”, the IMF said.
The downward revision of the economic outlook “also poses risks to budgetary performance”, the institution said in a statement.
The IMF team adds that it is “confident” in the authorities’ determination to “contain emerging risks and identify essential mitigation measures to preserve macroeconomic stability and debt sustainability, while protecting the most vulnerable and growth dynamics.”
Post-Financing Reviews (PFAs) are designed for countries to which the IMF has lent money but which are no longer under a Fund program and aim to assess the country’s policies, whether the country’s economy is stable and sustainable, and whether the member country has the capacity to repay the Fund.
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