EUROPE/AFRICA

摘要

Angola's decision to end IMF talks on a potential loan has increased risks to the government's external financing position, according to Fitch. Angola, rated B+, called a halt to negotiations with the IMF that had started in April. The country is facing a large external funding gap owing to oil companies transferring deposits abroad, and was discussing an economic programme and potential three-year Extended Fund Facility with the IMF to plug that gap. Angola posted a large current account surplus in 2013, but Fitch forecasts that with the subsequent drop in oil prices, it faces a 2016 deficit of 13.95%.