Africa Monitor

Africa Monitor Intelligence

Angola: Inflation Continues to Escalate With Kwanza Stable

The economic outlook for 2024 is similar to that of the previous year, subject to high volatility in the price of raw materials, mainly oil. The level of oil production is expected to remain close to that reached in 2023, without a significant reversal of the trend of revenue loss.

A recourse to a new financial package from the International Monetary Fund, which the executive considers feasible in the short term, is considered as a financial recourse. In addition to access to credit, this would have the effect of ensuring the policies of the executive, improving the perceptions of the market towards the country. READ MORE