Angola: IMF Mission Discusses Fiscal Development, Public Debt

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Angolan authorities will discuss the evolution of public debt, budget management, projections and economic growth trends with a delegation of International Monetary Fund (IMF) visiting the country under Article IV of this Bretton Woods institution.
The mission’s working agenda, which ends on March 29, includes debates related to the recent evolution of the Angolan economy, public investment in 2016, the monetary and balance of payments indicators.
According to Angop, the mission, led by economist Ricardo Velloso, will also approach the economic team issues related to the strategy of public debt management, the evolution of  payable and payment of delayed accounts and the outlook of the oil sector.
The current tax reform and other measures to increase non-oil revenue collection, as well as banking regulation and supervision, are also on the agenda.
The IMF delegation, which has been in Luanda since Wednesday, held a meeting to coordinate this agenda with the Government’s economic team (Ministers of Finance Archer Mangueira, Economy Abrahão Gourgel and the Governor of the National Bank of Angola Valter Filipe).
The agenda includes separate meetings with the Commission of  Economy and Finance of the National Assembly, members of the Board of Directors of Sonangol, General Tax Administration (AGT), National Statistical Institute (INE), the Sovereign Fund of Angola, (CMC), commercial banks and entities of the private sector.
The IMF meetings will mark the preparation for the annual consultative mission under Article IV, which is set for the end of this year.
The last mission under the IV Article of the International Monetary Fund took place in November 2016.
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