IMF Urges Angola to Pursue Fiscal Consolidation
The International Monetary Fund stated that Angola must pursue fiscal consolidation and prudent monetary policy to preserve macroeconomic stability. The fund warned that favorable external conditions slowed economic reforms.
Angola must pursue fiscal consolidation and exchange-rate flexibility to secure macroeconomic stability, according to the International Monetary Fund. The warning follows a review concluding during the late evening of September 9, as strong external conditions slowed reform momentum. The country relies heavily on oil revenue, making structural adjustments vital for long-term growth.
