Angola: IMF concludes Angola mission

A mission from the International Monetary Fund, led by Seán Nolan, visited Luanda during 1 -11 November 2010 to conduct policy discussions for the fourth review under Angola’s 27-month Stand-By Arrangement (SBA) with the IMF. The SBA was approved by the IMF’s Executive Board on 23 November 2009 and provides for the disbursement of SDR 858.9 million (about US$1.4 billion) over the course of the arrangement. Following the visit, Nolan said implementation of the government’s stabilisation and reform program has been broadly as envisaged, with budgetary outlays tightly contained.