The International Monetary Fund warned that Angola must adopt "proactive fiscal consolidation", arguing that the country needs to accelerate economic reforms. IMF economists said that the government is at a standstill with regard to the implementation of measures to promote foreign investment, reduce oil dependency and accelerate economic diversification.
The IMF carried out an assessment of the country following the financial adjustment program, which ended in 2021. According to the institution's economists, a favorable external environment contributed to a stronger external position and to the growth of non-oil activity, to better access to markets and to the decline in inflation.
