IMF warns: Decrease in oil revenue, increasing debt risk in Angola

The International Monetary Fund (IMF) has stated that Angola is facing increasingly serious debt risks due to the decline in oil revenue and rising external borrowing costs. The country's budget deficit for this year is expected to almost double, reaching 2.8% of Gross Domestic Product, reflecting the impact of falling oil prices and production. The IMF urges Angolan authorities to optimize spending and limit borrowing, and advises Angola to avoid costly short-term financing.