Download AMAN Application from Apple store and Google play                                Follow us on : Twitter - Facebook - YouTube - Instagram

STATUTES GENERAL ASSEMBLY SECRETARY GENERAL CONTACTS Follow us on Twitter Follow us on Facebook Follow us on Instagram
Daily News
MedNEWS HOME
SANA - Swimmer Mohammad gains gold medal in Taiwan Championship for swimming
Taipei, SANA – Syrian swimmer, Saleh Mohammad, ranked first in Taiwan International Championship for ten-kilometer swimming, gaining a gold medal....
SANA - Syrian-Hungarian joint archeological expedition begins work at Krak des Chevaliers
Homs, SANA – The Syrian-Hungarian joint archeological expedition began its work at Krak des Chevaliers castle in Homs countryside, starting...
SANA - President al-Assad offers condolences to Iranian President for victims of terror attack
Damascus, SANA-President Bashar al-Assad sent on Saturday a cable of condolences to Iranian President Hassan Rouhani, expressing deep condolences for...
NNA - Solar lighting project inaugurated in Aishieh, funded by the Netherlands
NNA - A solar energy project, funded by the Kingdom of the Netherlands as part of the Military-Civil Cooperation Program,...
NNA - Beirut Governor, Judge Ziad Shbib, inaugurates Peace Exhibition, discusses environmental, developmental projects in open dialogue meeting
NNA - Beirut Governor, Judge Ziad Shbib, took part in a dialogue meeting on Saturday organized by the "Third...
NNA - 39 Syrian refugees rescued from sinking in a boat off northern Lebanon
NNA - An army naval force managed to rescue more than 30 Syrian refugees from sinking in their boat off...
NNA - Le ministre de l’Information et le secrétaire général de la Ligue islamique mondiale discutent des perspectives du dialogue et de la communication
ANI – Le ministre sortant de l’Information, Melhem Riachi, a rencontré vendredi le secrétaire général de la Ligue islamique mondiale,...
NNA - افتتاح بطولة بيروت المفتوحة بالتايكواندو برعاية رئيس الجمهورية 59 ميداليات ملونة للبنان في اليوم الأول والحصيلة مرشحة للارتفاع
وطنية - افتتحت بعد ظهر اليوم رسميا 'بطولة بيروت المفتوحة' بالتايكواندو، التي ينظمها الاتحاد اللبناني للتايكواندو في "مجمع نهاد نوفل"...
NNA - المؤرخ الدكتور وسام كبكب وقع كتابه عن المطران كيرلس المغبغب الأسقف البناء وعراب دولة لبنان الكبير في زحلة
وطنية - وقع المؤرخ الدكتور وسام كبكب كتابه الجديد بعنوان 'المطران كيرلس المغبغب، الأسقف البناء وعراب دولة لبنان الكبير'، الذي...
NNA - مسيرة موسيقية في الشويفات لمناسبة يوم السلام العالمي
وطنية - أحيا منتدى 'إنسان'، يوم السلام العالمي، بنشاط رمزي هادف في مدينة الشويفات، من أجل تعزيز مفهوم السلام والحوار...
NNA - محترف راشيا يطلق معرض النحت الدائم للفنان صالحة
وطنية - أطلق رئيس 'جمعية محترف راشيا' شوقي دلال متحف النحت للفنان عادل صالحة في بلدته رأس المتن، وقال دلال:...
NNA - البخاري في حفل العيد الوطني السعودي: اللبنانيون في المملكة جزء من النسيج الاجتماعي وقيادتنا حريصة على استقرار لبنان واستعادة دوره في المنطقة
وطنية - أقام القائم بأعمال سفارة المملكة العربية السعودية الوزير المفوض وليد البخاري، عند السادسة مساء، حفل استقبال، بمناسبة العيد...
NNA - ندوة عن مستقبل المنطقة العربية في ظل التحولات المتنامية
وطنية - اقام الحزب التقدمي الاشتراكي - وكالة داخلية عاليه ندوة سياسية بعنوان: 'اي مسارات مستقبلية للمنطقة العربية في ظل...
Lusa - Business News - National demonstration of taxi drivers
Taxi drivers gather in Porto City Hall on the fourth day of the national demonstration 'It is not fair nor...
Lusa - Business News - National demonstration of taxi drivers
Taxi drivers gather in Porto City Hall on the fourth day of the national demonstration 'It is not fair nor...
Lusa - Business News - National demonstration of taxi drivers
Taxi drivers gather in Porto City Hall on the fourth day of the national demonstration 'It is not fair nor...
Lusa - Business News - National demonstration of taxi drivers
Taxi drivers gather in Porto City Hall on the fourth day of the national demonstration 'It is not fair nor...
EFE - Jorge Lorenzo wins pole position for 2018 Aragon MotoGp
Teruel, Spain, Sep 22 (EFE).- Spanish motorcyclist Jorge Lorenzo (Ducati) won the pole position for the 2018 Aragon MotoGp, his...
CNA - President says Cyprus achieved remarkable recovery after economic crisis
CNA/Thanasis Gavos - London
President of the Republic Nicos Anastasiades has said that what Cyprus has achieved following the financial crisis...
Lusa - Business News - Angola: Fitch raises outlook for economy to ‘stable’




London, July 10 (Lusa) - Financial rating agency Fitch has upgraded its economic outlook for the Angolan economy from 'negative' to 'stable' despite keeping the sovereign credit rating at 'B', which is considered below investment grade, or 'junk.'
The review of the oeconomic outlook form 'negative' to 'stable,' Fitch said, reflects improvements in the management of the exchange rate regime and the adoption of an ambitious reform agenda, which includes monetary, budgetary and structural adjustments that will reduce external vulnerabilities and improve public finances.
According to the full rating report on Angola, to which Lusa had access on Tuesday, Fitch keeps Angola in the 'junk' category, that is, below investment grade, but it raused the outlook for teh eocnomy, which means that it does not anticipate events that could lower the country's rating.
Among the main reasons for improving the assessment of the economy, Fitch pointed to current external adjustments, particulalry the end of the fixed exchange rate, the improvement of economic growth, although limited, and the resumption of fiscal consolidation, noting that the banking sector remains a weakness and that the country's structural factors are a constraint on the assessment of credit quality.
Fitch expects Angola's economic growth to increase from a growth rate of 2.3% this year to 2.5% in 2019 and the budget deficit to fall to 5.4% this year, after reaching 6.8% in 2017.
Public debt increased to 66.6% of GDP at the end of last year, compared to 50.7% at the end of 2015, Fitch noted, adding it expects public debt to reach a peak of 67.5% of GDP at the end of this year and then start to fall from 2019, to reach 58.7% of GDP in 2020.
The decline in debt reflects the expectation of budgetary adjustments, but will also be driven by the high level of inflation, which Fitch expects to reach 25% this year, it said.
Where Fitch notes most difficulties for the Angolan economy is in the banking sector, which "remains a weakness for the economy and a source of negative implications for sovereign credit."
Banks, the analysts added, face a difficult operating environment, reflecting conflicting economic winds, uncertainties in access to foreign currency, and a predominance of government borrowing.

MBA/CA // CA
Lusa


Agency : LUSA

Date : 2018-07-11 08:18:39







 

Copyright © Alliance of Mediterranean News Agencies 2017