Luanda - Members of Angolan Executive and the International Monetary Fund (IMF) Wednesday held the first assessment of the post-financing to Angola aimed at mapping out the possible risks associated with the country’s economy, in light of the international context.
During a closed door meeting, IMF mission was briefed on the concerns, priorities, importance of the National Development Plan (PDN) to diversify the economy and how to protect it from possible external shocks.
Among the issues, they focused on the drop in the price of the crude oil barrel in the international market.
Oil is one of Angola's most strategic resources, currently representing over 90% of the country's total exports, approximately 20% of national Gross Domestic Product and 40% of state tax revenues.
The IMF mission was headed by the senior IMF official, Amadou Sy, while the Angolan side was led by the Finance Ministry, Vera Daves.
Speaking at the end of the meeting, Amadou Sy, said the mission was focused on Angola's macroeconomic risks and ways to better manage possible impacts on the economy.
