"Like all countries, Angola felt the big effect of the pandemic on the economy, but at the same time, it was already trying to do the right thing even before the pandemic. Comprehensive economic reforms had begun, and also on the governance and policy side. "said Selassie, noting that the country had" significant difficulties in debt and macroeconomic stabilization ".
In the interview to Lusa given by video conference from Washington, the IMF headquarters, the director of the African department was asked about the role of Angola, which has been an almost constant presence in the meetings and conferences promoted by the Fund in recent months .
"Angola's role has to do with what the country has to offer in terms of how to navigate these complex difficulties, having access to the market, which is a reflection of having faced these economic difficulties and having an experience to share", he explained the responsible, concluding that "Angola is a country that has a complex set of issues".
According to the Fund's most recent forecasts, Angola is expected to recover from the 4 per cent economic recession in 2020, growing 3.2 per cent already this year, also improving the 2.8 per cent budget deficit to a slight imbalance of 0 , 1 percent in 2021.
Public debt, which rose from 90 percent in 2018 to 120 percent last year, is also expected to improve to 107.5 percent this year, still well above the average of 64 percent that the Fund expects for the economies of the world. Sub-Saharan Africa and the 46.4 percent it predicts for oil-exporting countries this year.
The financial adjustment program was agreed with the IMF in December 2018, for a value of US $ 3.7 billion, which in September was increased to approximately US $ 4.5 billion, of which about 3 billion dollars have already been delivered, and it lasts until the end of the year.
