First IMF mission evaluates financing in Angola

Luanda, 26 March (ANGOP) – A mission of the staff of the International Monetary Fund (IMF) has been working in Angola since March 20 to assess the achievement of targets set under the agreement between the Angolan Government and this international financial institution through the Extended Fund Facility (EFF).

During the visit, which continues until April 2, according to a note from the Angolan Finance Ministry that was accessed on Monday (25), the IMF delegation held working meetings with members of the Government, among them the Minister of State for Economic and Social Development, Manuel Nunes JA�nior.

The program includes meetings with the minister of Finance, Archer Mangueira, Economy and Planning, Pedro da Fonseca, Commerce, Jofre Van-DA�nem, the governor of Central Bankof Angola (BNA), Jose Massano, among other individuals.

During the 14 days, the IMF’s mission will assess the balance of economic reforms underway in the country, as well as monitor the implementation process of the EFF, which is a funded instrument that supports the Macroeconomic Stabilization Program (MSP).

This agreement resulted in the approval by the Executive Board of the IMF on December 7, 2018 of the Expanded Financing Program for a three-year period of approximately USD 3.7 billion (361% of Angola’s share) to support the Economic Reforms Program in Angola.

Source: Angola Press News Agency