Angola Eyes 2.8% Economic Growth Balancing a 2.5% Decline in Oil Production 

INSUBCONTINENT EXCLUSIVE:
depreciating notably by 60%.Angola Eyes 2.8% Economic Growth Balancing a 2.5% Decline in Oil Production
optimistic outlook is primarily based on rising private consumption, fueled by decreasing inflation and increasing household purchasing
power.However, the report raises concerns about high public debt levels in the region, which could hinder essential investments for economic
development.Despite a predicted decrease in the debt-to-GDP ratio from 61% in 2023 to 57% this year, many African countries face liquidity
issues.They are grappling with unsustainable debt or actively seeking debt restructuring.The reliance on commercial financing and loans from
non-Paris Club members, especially China, has led to soaring debt payments.This has changed the traditional financial support landscape for
African countries.Despite a slight decrease from the peak interest rates in May 2023, external financing costs remain high.For example,