Angola: Government seeks IMF Extended Fund Facility


Issue 375 - 31 Aug 2018 | 2 minute read
In an effort to tackle the economy’s imbalances and reduce dependency on oil, the Angolan government has asked the International Monetary Fund (IMF) to initiate discussions on an economic programme that could be supported by an Extended Fund Facility (EFF).The EFF was established to help countries experiencing serious payments imbalances because of structural impediments, or struggling with slow growth and an inherently weak balance of payments position. EFFs offer longer repayment periods than the more classic bailout loans, in return for longer-term structural reforms.

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