Sturrock

Angola shows significant progress says IMF

Angola's economy has seen significant progress, particularly over the last few years, the head of an International Monetary Fund (IMF) mission said.

Cited by state newspaper Jornal de Angola, Mauro Mecagni praised the fact that the country had managed to overcome the 2009 financial crisis, basing his statements on the results of an analysis of a number of macroeconomic indicators carried out by members of the mission.

The IMF mission visited the Capanda dam and two agricultural projects in Malange province and met with members of the Kwanza Norte provincial government.

Noting that the aim of the visit was to assess the state of the Angolan economy, following the funding programme agreed with the IMF in 2009, Mecagni said, "we wanted to come to Malange and Kwanza Norte to observe directly the results of the programme," and to assess the problems that still exist and that may be overcome in the medium-term.