Angola presents macroeconomic situation at WB, IMF meetings

Angola has presented the current macroeconomic situation of the country in fiscal, monetary and exchange rate policy terms.

The country is represented by a high profile delegation in Washington D.C., United States, on Wednesday in a deal road show with international financial investors.

The entourage, which is headed by Finance Minister, Vera Daves, and taking part in the spring meetings of the Bretton Woods institutions – IMF and World Bank, met with some 60 investors from the international financial market.

The ministers of Finance, Economy and Planning as well as the governor of the National Bank of Angola also addressed the real economy.

They mainly focused on the challenges of funding the General State Budget (OGE) 2023, public debt and the privatisation process that was extended until 2026.

Os indicadores de crescimento dos diferentes sectores da economia petrolífera e não petrolífera, as metas de inflação, que está prevista para 13%, e a posição cambial foram entre outros assuntos abordados pela equipa angolana que participa nas reuniões de Bretton Woods.

Angolan team in the Bretton Woods meetings also addressed the growth indicators for the different sectors of the oil and non-oil economy, inflation targets, which is expected to reach 13 percent, and the exchange rate position.

Angola is aligned with other countries

On the first day of the IMF and World Bank meetings, the minister of Finance, Vera Daves, took part in the forum on “Adapting the multilateral development banks to global challenges – the African leaders’ perspective on reform.

Vera Daves, who was flanked by her counterparts from Ghana (Keneth Ofori-Atta), Liberia (Samuel Tweah) and Kenya’s Secretary to the Treasury, Economy and Planning, Njuguna Ndungu, said that Angola was following the vision of other African countries that advocated action that was more in line with current challenges.

Source: Angola Press News Agency