International Monetary Fund team to visit Angola this week
A team of officials from the International Monetary Fund (IMF) will visit Angola this week, it said, as the country edges closer to a new loan deal with the lender due to pressure after the slide in crude oil prices.
The southern African nation, which is sub-Saharan Africa's second-biggest crude oil exporter, had to pay $200m (R3.67bn) last month after JPMorgan demanded more security for its Total Return Swap, a loan backed by Angola's dollar bonds.
The IMF did not immediately provide more details on the mission to Angola and the expected outcomes.
Finance minister Vera Daves de Sousa told Reuters the drop in oil prices had made a new loan deal with the IMF more likely, adding the government was studying the potential full impact on its finances.
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Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ These engagements are already shaping discourse on sustainable economic recovery, digital infrastructure, climate resilience, and more equitable access to capital. 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