The Angolan authorities are seeking to expand the country’s IMF programme, which would help to ease balance of payments strains. But it’s far from a done deal as the Fund may require a restructuring to put public debt onto a sustainable footing. Elsewhere, South Africa’s IMF emergency rapid financing deal was approved this week, and the accompanying communications re-affirmed our view that a turn to austerity is on the cards next year, which will act as a brake on the recovery.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services