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Angola is negotiating a $165 million budget support loan from the African Development Bank to mitigate economic pressures caused by the ongoing conflict in the Middle East.
Finance Minister Vera Daves de Sousa confirmed the talks during the IMF and World Bank spring meetings, stating that the funds are intended to protect vulnerable citizens and manage rising debt costs.
The loan’s approval depends on the implementation of specific policy reforms currently being finalised by the government.
While the nation faces heavy debt obligations, which accounted for nearly half of its initial 2026 budget, Angola is not currently pursuing a formal IMF lending programme.
Instead, it is utilising technical assistance from the Fund to improve tax revenue and expenditure analysis.
Additionally, the government is on track to complete a “debt-for-education” swap by June, an initiative supported by the World Bank to fund the construction of new schools.
Despite the regional turmoil, Angola’s economy is expected to maintain a growth rate of approximately 4%, largely driven by high global oil prices.
With Brent crude trading well above the budget’s reference price of $61 per barrel, the oil sector’s expansion is offsetting slowdowns in other areas.
The government is also exploring bilateral lending and international markets to secure the remaining $1 billion of its $3.8 billion external financing target for the year.
