The government of Angola has made some progress on a range of policies targeting macroeconomic stability and structural reform. However, the country has been suffering from a recurring economic recession for six consecutive years, with the last positive annual GDP growth rate posted in 2015 at 0.9 per cent.
The national budget remains dependent on oil revenue, leaving the country highly exposed to volatile oil prices particularly during the COVID-19 pandemic. While revenues collapsed, increased spending was needed to respond to the health crisis and estimates of Angola’s debt spike range from 130 to 150 per cent of its GDP by the close of 2020.
At this virtual Angola Forum, speakers discuss policy options to support economic recovery in Angola as the country transitions away from a state-led oil economy to a private-sector-led growth model.
The Forum launches the English translation of the Angola Economic Report 2019-20 by the Centro de Estudos de Investigação (CEIC) of the Catholic University of Angola in partnership with the Konrad-Adenauer-Stiftung (KAS), and the findings of Afrobarometer’s first ever survey in Angola, Ovilongwa – Estudos de Opinião Pública, which interviewed 2,400 adult Angolans and sampled individual perceptions on democracy and economic reform in Angola.
This event will be held in English and Portuguese with simultaneous interpretation.
The Forum will also be broadcast live on the Africa Programme Facebook page.
Participants
HE Balbina Malheiros Dias da Silva, Ambassador of Angola to Germany
Hon. Manuel José Nunes Júnior, Minister of State for Economic Coordination, Republic of Angola
Alves da Rocha, Director, Study Centre for Scientific Research (CEIC), UCAN
Francisco Paulo, Study Centre for Scientific Research (CEIC), UCAN
Manuel Alberto, Study Centre for Scientific Research (CEIC), UCAN
Fausio Mussa, Chief Economist for Angola and Mozambique, Standard Bank
Maria da Cruz, CEO, US-Angola Chamber of Commerce
Carlos Pacatolo, Director at Ovilongwa- Estudos de Opinião Pública, National Partner of Afrobarometer
Albano Agostinho Troco, Post-doctoral Research Fellow, University of the Witwatersrand
HE Geraldo Nunda, Ambassador of Angola to the United Kingdom
Natalie Russmann, Representative for Namibia and Angola, Konrad-Adenauer-Stiftung
Paula Cristina Roque, Author, Governing in the Shadows: Angola’s Securitized State
Chair: Alex Vines, Director, Africa Programme, Chatham House
Chair: Carlos Lopes, Associate Fellow, Chatham House, President’s Economic and Social Council, Angola
Chair: HE Nina M Fite, Ambassador of the United States to Angola
