IMF warns Angola bond demand may weaken if Iran war continues
Updated
Updated · Bloomberg · May 7
IMF warns Angola bond demand may weaken if Iran war continues
8 articles · Updated · Bloomberg · May 7
In Luanda, IMF country representative Victor Lledo said prolonged conflict would cool investor appetite for Angolan securities and raise pressure on the kwanza.
He said higher fuel, fertiliser and food import costs from the Middle East conflict would create inflationary and exchange-rate pressures for the southern African economy.
The warning highlights Angola's vulnerability to external shocks as sustained war could tighten financing conditions and increase import-driven price pressures.
Is Angola's economy threatened more by the Iran war or by its own hidden billion-dollar debt deals?
As a distant war looms, can Angola's pivot to farming finally break its decades-long dependency on oil?