On Wednesday, December 17, the International Monetary Fund (IMF) disclosed that the staff team, led by Mika Saito, concluded Angola’s 2025 Article IV consultation during December 1–16. Preliminary findings indicate that Angola’s economic growth is projected at 1.9 percent for 2025, down from 4.4 percent in 2024, primarily due to lower oil production and moderate expansion in the non-oil sector. Inflation remains elevated but is expected to ease, ending the year at 17.2 percent.
The IMF mission highlighted ongoing vulnerabilities to oil shocks and emphasized the importance of policy measures to preserve macroeconomic stability and debt sustainability. Authorities have demonstrated commitment through the 2026 budget, which focuses on expenditure adjustments, risk containment, and protection of the most vulnerable populations, while maintaining growth momentum.
Economic growth is projected to remain subdued at 2.0 percent in 2026, with gradual recovery over the medium term contingent on progress in economic diversification. Near-term financing pressures remain significant due to substantial debt servicing obligations. The IMF’s Article IV consultation report, incorporating these findings, is scheduled for discussion by the IMF Executive Board in February 2026.