The IMF cut Angola’s economic growth outlook due to a decline in oil output. Originally expected to grow by 3.5% this year, the economy is now forecast to expand by just 0.9%. The decline in oil production and prices has led to reduced oil revenues and resulted in depreciation in the nominal exchange rate. The IMF warns of “fiscal slippage” and highlights the need for sustained adjustments to mitigate risks. Despite the downturn, Angola’s capacity to repay its USD 4.5 bln IMF loan is deemed “adequate,” with repayments peaking in 2026.