Africa’s second-largest oil producer Angola is seeking non-financial assistance from the International Monetary Fund (IMF) to help it with reforms aimed at revitalizing the economy that has suffered from low oil prices. OPEC member Angola has requested an agreement, known as a Policy Coordination Instrument, to help it implement a macroeconomic plan of the new Angolan government, the African country’s finance ministry said on Tuesday. The agreement with the IMF “will help to improve the external credibility of our country with positive impact on the ability to attract Foreign Direct Investment,” the finance ministry’s statement reads. Angola’s new president João Lourenço—who succeeded in September José Eduardo dos Santos at the end of his 38-year-long rule—has vowed to turn around the economy and open it to foreign investment to diversify away from oil, which currently makes up 90 percent of the country’s export revenues. Last month, the IMF said after […]