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‘As part of the preparation of medium-term fiscal projections, the Ministry of Finance requested a note from the IMF that aimed to update its technical vision on response options to risk scenarios,’ the department said.
Angola said there are currently no negotiations taking place with the International Monetary Fund about a possible new financial-assistance program.
“As part of the preparation of medium-term fiscal projections, the Ministry of Finance requested a note from the IMF that aimed to update its technical vision on response options to risk scenarios,” the department said in a statement Tuesday.
“This type of request to the IMF is common in the context of technical interactions, and there are currently no negotiations on a possible financial assistance program,” it said.
The comment took place after Jornal de Negocios reported earlier on Tuesday that the IMF was finalizing a loan for Angola that could be valued between $3 billion to $5 billion. The Portuguese newspaper didn’t say where it got the information.
In October, Finance Minister Vera Daves de Sousa said Angola and the IMF were discussing options about a possible new program and what type of loan would better fit the oil-producing country’s needs.
