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Find all the economic and financial information on our Orishas Direct application to download on Play StoreDespite its difficulties in debt and macroeconomic stabilization, Angola has undertaken reforms in the face of a complex set of problems. The head of the African Department of the International Monetary Fund (IMF), Abebe Aemro Selassie appreciates these comprehensive economic reforms undertaken even before the pandemic.
Despite the effects of Covid-19 in all economies of the world, the Angolan government had already begun to carry out some comprehensive economic reforms, even before the pandemic. "Like all countries, Angola has felt the great effect of the pandemic on the economy, but at the same time, he was already trying to do the right thing even before the pandemic. Comprehensive economic reforms had begun, and also on the governance and political side," said Abebe Aemro Selassie.
According to the latest forecasts of the International Monetary Fund, Angola should recover from the economic recession of 4% in 2020, growing by 3.2% already this year 2021, also improving the budget deficit by 2.8% for a slight imbalance of 0.1% this année.La debt Public policy, which rose from 90% in 2018 to 120% last year, is also expected to improve to 107.5% this year, still well above the 64% average the Fund expects for sub-Saharan African economies.
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