IBERSOL • 2023 Integrated Management Report

INTEGRATED MANAGEMENT REPORT 2023 decline as the effects of subsidy removal and the pass-through of exchange rate depreciation fade. The main short-term risks include the fall in the price of oil on the international markets, a decrease in domestic oil production, as well as a possible delay in the implementation of the fuel subsidy reform. The IMF emphasises the need to implement the National Development Plan (NDP) 2023-2027 in order to achieve sustained and resilient growth. Priorities shouldcentreoneconomicdiversification; improving human capital, particularly by reducing disparities between men and women, supported by social measures and public investment spending; improving the business environment and access to finance; and strengthening adaptation to climate change. The IMF emphasises that efforts on all these fronts are critical for Angola’s development. 29