8 February 2013

Angola: IMF Praises Angolan Government for Economic Growth, Controlled Inflation

Luanda — The Cabinet Council's Economic Commission received information Thursday, in Luanda, about the International Monetary Fund (IMF) report, dated 29th of January, in which the institution praises the Angolan Government.

The IMF is satisfied with the government's actions which brought about he economic growth being registered in the country, by achieving an inflation rate of one digit, the growth of the Net International Reserves and the stabilization of the currency.

These views are contained in the press release of the meeting of the Cabinet Council's Economic Commission, held under the guidance of the President of the Republic, José Eduardo dos Santos.

According to the note, despite the recovery of oil production and the growth of non-oil sector, the IMF experts recommend a cost-benefit analysis of funding sources.

The IMF advises also the need to accelerate the programme of institutional reforms under as away to strengthen key areas in the fiscal, monetary and finance sectors.

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