The East African
Wednesday January 13 2021
The IMF’s decision allows for an immediate disbursement of SDR 338.5 million (about $487.5 million) to Angola. PHOTO | FILE | NMG
Summary
Angola’s three-year extended arrangement was approved by the Executive Board on December 7, 2018, in the amount of SDR 2.673 billion (about $3.7 billion at the time of approval).
It aims to restore external and fiscal sustainability, improve governance, and diversify the economy to promote sustainable, private sector-led economic growth.
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The Executive Board of the International Monetary Fund (IMF) completed Monday the fourth review of Angola’s economic programme supported by an extended arrangement under the Extended Fund Facility (EFF), the international lender said in a statement.