Angola Coverage Aug 17 - Sep 17
• Govt to reportedly get new USD 11bn credit line from China• Wholesale inflation edges up to 16.3% y/y in August
• CPI inflation edges further down to 18.6% y/y in August
• Kwanza weakens slightly at September 12 forex auction
• Total awarded another fuel contract
• Govt to also restructure country's mining sector – minister
• Kwanza depreciates further at September 10 forex auction
• Ruling party elects President Lourenco as its new chairman
• Growth of credit to private sector slows to 6% y/y in July
• BNA's net FX reserves decline to USD 12.7bn as of end-Aug
• Kwanza continues to weaken at September 5 forex auction
• Finmin says debt to China stands at USD 23bn
• Kwanza weakens further at September 3 forex auction
• Kwanza depreciates further at August 29 forex auction
• GDP contracts by 2.2% y/y in Q1 – stats office
• Moody's sees IMF support as positive for economy
• Govt hopes to get USD 4.5bn under planned IMF programme
• Kwanza depreciates further at August 24 forex auction
• Tax revenue from diamond sales jumps by 47% y/y to AOA 12.1bn in Jan-Jul
• IMF confirms govt's request for financing under EFF arrangement
• Kwanza slides further at August 20 forex auction
• Govt, IMF talks turn to possible financing deal under EFF programme
• Govt expects marginal rise in timber felling rate this year
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