Director of the IMF visits Angola to assess economic situation

13 December 2016

The director for Africa of the International Monetary Fund (IMF) met in Luanda with the Finance Minister of Angola, Archer Mangueira, with whom he addressed the challenges faced by the Angolan economy due to low oil prices in international markets, according to Angolan news agency Angop.

After the meeting Abebe Selassie said the IMF intends to better understand the Angolan economy and the challenges that have arisen as a result of the drop in oil prices.

The director of the IMF also said he would meet with other Angolan government officials to address issues related to the economic sector to gain a better understanding of Angola following the economic reforms implemented since 2014 due to the economic and financial crisis that hit the country.

The head of the International Studies and Relations Office of the Angolan Ministry of Finance, Emílio Londa, referring to the meeting said that the visit by the Director of the IMF to Angola “confirms that the measures that the government is implementing in terms of economic adjustment are on track.” (macauhub)