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IMF delegation expected Wednesday in Luanda

A delegation of the International Monetary Fund (IMF), led by the head of IMF Angola Mission, Mauro Macagni, is due in Luanda Wednesday for a visit to Angola which will end on 29 February.

According to an IMF source, the visit is part of the “Post-Programme Monitoring”, which is a
process of standard evaluation of the economic performance of countries that have completed an IMF financial assistance programme.

The source said that the Angolan Government signed, with the IMF, a 27-month Stand-by
accord that was to terminate in February 2012 but was extended for another month to enable the financial institution conduct its sixth and last evaluation in Angola.

On 28 March, 2012, the IMF board approved the report on the evaluation, resulting in the release of the last tranche of the special drawing rights, equivalent to Akz 13.2 billion (US$ 1 = 100 Kwanza) making an overall release of Akz 133 billion under the programme.

During the visit, the IMF team will meet with members of the Cabinet Council Standing
Economic Commission and with specialists of the Angolan Government, including the
ministers of Finance, Planning, Territory and the Reserve Bank.

The meetings will review the latest economic developments of 2012, and outline others for
2013.

The parties will also discuss fiscal and monetary policy issues.

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