Angola’s finance ministry announced it is not negotiating a new financial assistance program with the International Monetary Fund (IMF), causing a dip in the country’s sovereign bonds.
While Angola sought a technical update from the IMF on risk management options, no formal program discussions are underway, the ministry clarified. The IMF confirmed it has not received a request but continues close policy and technical collaboration with Angola.
Facing oil price pressures, Angola projects a 1.65% GDP budget deficit for 2025, slightly up from 2024. Finance Minister Vera Daves de Sousa previously hinted at exploring IMF financing options.
Brent crude rose to $73.44 per barrel, yet Angola’s 2048 dollar bonds dropped 1.3 cents, trading at 82.41 cents.