Africa-Press – Angola. The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, is to arrive in the Angolan capital this Wednesday (19), for a three-day working visit that includes meeting with the Government, as well as assess the country’s macroeconomic situation.
This is her first visit to Angola, within the framework of the IMF’s Extended Financing Program, implemented from 2018 to 2021, in which this institution granted the country a loan of approximately 4.4 billion dollars, including technical assistance in the application of this credit.
As part of her visit, a meeting is scheduled for this Wednesday afternoon between the Angolan government’s economic team and the IMF delegation, which she heads.
The agenda also includes a meeting with business leaders and the student community to discuss structural reforms, the investment climate, and policies that support more robust growth.
The visit of Kristalina Georgieva, who is a Bulgarian economist, preceded the African Union-European Union Summit, scheduled for November 24 and 25 in Luanda, and the 20th G20 Summit of Heads of State and Government, to be held from November 23 to 25 in Johannesburg, South Africa.
Angola is a member of the IMF since 1989 and, in recent years, has been consolidating its relationship with this institution through specific programs aimed at improving the management and consolidation of national accounts, enhancing investment mechanisms, and promoting the country’s economic and social growth.
Along with the World Bank Group (WBG), another multilateral institution from Bretton Woods, the IMF has the mission of ensuring the stability of the global financial system, promoting monetary cooperation, sustainable economic growth, and poverty reduction. To this end, the financial organization supervises the economies of its member countries, grants loans to nations in crisis, and offers technical guidance and advice on economic and financial policies.
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