Angola Ends Diesel Subsidies to Free $3b for Social Spending

• Angola has removed diesel subsidies, raising pump prices by 50% as part of an International Monetary Fund-backed plan to redirect public funds
• As of Monday, diesel cost 300 kwanzas ($0.33) per liter, up from 200 kwanzas marking second increase in a year
• The IMF estimates the move could free up $3 billion–equivalent to Angola’s current combined health and education budget

Angola has removed diesel subsidies, raising pump prices by 50% as part of an International Monetary Fund-backed plan to…