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Angola requests non-financial assistance from IMF

Staff Writer |
Angola’s finance ministry said it had requested non-financial assistance from the International Monetary Fund to help it implement economic reforms, as Africa’s second-largest crude producer continues to suffer from a lower oil price.

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The agreement, known as a Policy Coordination Instrument, “will help to improve the external credibility of our country with positive impact on the ability to attract Foreign Direct Investment,” the finance ministry said in a statement late on Tuesday.

The ministry said it wanted help in implementing the Macroeconomic Stabilisation Plan, which is effectively the economic policy of the new Angolan government, but did not say what form this should take.

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