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IMF approval

    JOHANNESBURG

    The head of an International Monetary Fund mission to Angola said in a newspaper interview published on Thursday the country could qualify for IMF assistance as early as February next year, Reuters reported.

    "We are thinking that we are on a good path to initiate a monetary programme from sometime after January 2000," Brazilian Paulo Neuhaus told state-owned 'Jornal de Angola'. Angola is seeking a structural adjustment facility which would allow it to reschedule some of its US $12 billion in external debt, among other benefits.

    But Neuhaus said that while the government had taken significant steps towards reforming the economy, much work remained to be done to qualify for the adjustment programme. "Overall, (the government must) drive out tax evasion and reduce public spending," Neuhaus said.

    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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