Bangkok:The Angolan delegation emphasized a significant drop in inflation as they presented the country's economic recovery and growth trajectory at the 82nd Annual Meetings of the World Bank (WB) and the International Monetary Fund (IMF) in Bangkok, Thailand.
According to Angola Press News Agency, the Angolan representatives, including the Governor of the Angola Central Bank, Manuel Tiago Dias, the Secretary of State for Finance and Treasury, Ottoniel dos Santos, and the Executive Director of Angola's constituency at the IMF, Adriano Ubisse, highlighted that inflation in Angola has decreased to single digits. They also noted that market access has been restored and that Angola is meeting its obligations to the Fund.
The delegation stressed the importance of maintaining this trajectory through a firm commitment to reforms aimed at strengthening fiscal sustainability and enhancing transparency in public finances. They reiterated Angola's dedication to promoting economic diversification and prudent fiscal management, vital for achieving inclusive and resilient medium-term growth.
During the meetings, the evolution of the economic outlook was presented to the constituency's Executive Director, alongside discussions on Angola's representation at the IMF. It was also announced that Adriano Ubisse will soon step down as Executive Director, with Pedro Castro e Silva set to succeed him on November 1, 2026.
The 82nd Annual Meetings, themed "Thailand's New Horizons Empowering People, Building Resilience," are addressing global economic challenges and prospects for sustainable growth. This marks Thailand's second time hosting the event, the first being in 1991. Since joining the World Bank and IMF in 1989, Angola has been working to strengthen its relationship with these institutions, focusing on improving national account management, investment mechanisms, and economic and social growth.
