This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Angola Warned by IMF on Budget Deficit, Limiting Borrowing and Spending
September 8, 2025
Angola was warned by the IMF regarding its financial health, with specific mention on its budget deficit. The IMF expects Angola’s projected budget deficit to nearly triple this year, to 2.8% of GDP. It said that the nation was grappling with growing debt risks due to a sharp drop in oil prices and production. This is primarily because Angola relies on oil for 90% of its export revenue, and crude prices have fallen significantly below the $70/bbl assumed in its 2025 budget. The IMF considers Angola’s ability to repay its debt “adequate but subject to risks,” which have recently increased. The country’s growth forecast for this year has been lowered to 2.1% from 2.4% because of external pressures. To counter these challenges, the Angolan government is seeking investment to boost oil production and is considering re-entering international debt markets. The IMF has advised Angola to control spending, limit borrowing, and avoid expensive short-term loans. The IMF however praised progress in collecting non-oil revenue and stressed the importance of accelerating financial reforms to enhance transparency and prevent debt arrears.
Angola’s dollar bonds were trading stable with its 8.75% 2032s at 93.6, yielding 10.1%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.