The International Monetary Fund (IMF) has indicated that Angola is confronting escalating debt risks due to falling oil revenues and increasing external borrowing costs.

The country's budget deficit is projected to nearly triple this year, reaching 2.8% of gross domestic product, reflecting the impact of declining oil prices and reduced production volumes.

The IMF has urged Angolan authorities to optimize expenditures and restrict borrowing, stating that Angola should avoid engaging in costly short-term financing arrangements.