According to an article published on Thursday night, which quotes a spokesman for the Washington-based fund, the meeting, which was scheduled for that day, will take place as soon as the executive board returns from its vacation in the second half of August. .
Bloomberg adds that this interval will allow the IMF executive board to "allow more time to work with the authorities" in Angola.
In an IMF report quoted on the 24th by the weekly Expansão, the executive requested this addition of US $ 740 million to the US $ 3700 million financing already agreed in the expanded financing program, as well as a moratorium on the payment of this year's debt.
The meeting scheduled for Thursday - which was eventually postponed - was intended to assess the report on the third assessment of program compliance.
Expansão says that the request "is justified by the fact that the external shock caused by the new coronavirus and the fall in oil" caused "a substantial drop in Angolan revenue", forcing the country to obtain additional financing compared to what was initially projected.
During this week, the Secretary of State for Finance, Osvaldo João, pointed out that the country has "a slack" of around 800 million dollars in the IMF plan.
"During the approval of the program in 2018, we only obtained financing of US $ 3.7 billion. This means that the disbursements that were being made until the second evaluation, took into account a total ceiling of 3.7 thousand million dollars, which means that we have a gap of around 800 million dollars that we can access whenever we want ", said Osvaldo João, during a conference lunch held on July 27th.
