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IMF to implement economic monitoring

    JOHANNESBURG

    The International Monetary Fund is expected to implement a new economic monitoring programme in Angola, PANA reported on Monday.

    The news agency said the programme should help pave the way for future financial aid to the southern African country. The programme stipulates that the Angolan government must control expenditure strictly, reduce the number of civil servants, bring down the inflation rate, and make its accounts more transparent. The government would also have to gradually remove its foreign exchange laws and privatise the banking industry.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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