Angola's finance minister, Vera Daves de Sousa, revealed that the country is facing a critical period where all fiscal revenue is being allocated to pay salaries and service both external and internal debt. This year has been particularly challenging due to peak loan payments.
Angola's government is in discussions with the International Monetary Fund regarding a potential new lending program tailored to the country's needs. Finance Minister Vera Daves de Sousa indicated that options are being evaluated, with technical assessments to precede political discussions, although differences on capital expenditures remain.
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