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IMF Managing Director visits Angola between November 19 and 21

The IMF spokesperson, Julie Kozack, stated that the official will meet with Angolan authorities, business leaders, and students during the visit to Luanda.

The trip to Africa also includes participation in the G20 summit, which gathers leaders from the 19 largest economies in the world plus the European Union, taking place in Johannesburg on November 22 and 23.

The visit occurs just days before Luanda hosts the EU-AU summit in late November, where discussions will focus on European investments in Africa and strategic partnerships.

In its most recent reports on Angola, the IMF has warned of persistent vulnerabilities such as high external debt service, reliance on oil, and high inflation.

In September, in the latest post-program assessment, the Fund lowered the growth forecast for 2025 from 2.4% to 2.1% and warned of increasing risks to Angola’s ability to meet debt service obligations, advocating for fiscal prudence and expenditure rationalization.

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