By Foreign Brief Today, IMF Managing Director Christine Lagarde will conclude her two-day visit to Angola, where she discussed the three-year implementation of a $3.7 billion loan. Angola’s oil output levels have declined in recent years, stagnating growth and increasing unemployment upwards of 20%. Since President Joao Lourenco’s election last year, initial reforms that have…

By IMF Mr. Tao Zhang, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today: “We have received a letter from the Angolan authorities for IMF staff to initiate discussions on an economic program that could be supported by the Policy Coordination Instrument (PCI). [1] “The Government of President Lourenço has…

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