Angola: 2007 Article IV Consultation: Staff Report; Staff Supplement and Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Angola

October 25, 2007

Preview Citation

Format: Chicago

Angola: 2007 Article IV Consultation: Staff Report; Staff Supplement and Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Angola, (USA: International Monetary Fund, 2007) accessed September 20, 2024

Summary

The staff report for the 2007 Article IV Consultation on Angola highlights economic performance, macroeconomic stability, and fiscal policy. Growth in the medium term will rely increasingly on the non-oil sector, where reforms to promote private sector development will be critical to offset a potential loss in competitiveness from an appreciating real exchange rate. A key challenge is to ensure that political pressure to scale up public spending does not undermine macroeconomic stability. Lower output growth and oil revenues than envisaged in the baseline scenario could jeopardize public and external debt sustainability.

Subject: Commodities, Expenditure, External debt, Oil, Public debt, Public financial management (PFM)

Keywords: BNA bill, CR, Global, ISCR, Medium term challenge, National bank of Angola, Oil, Oil output, Oil-price rule, Staff appraisal, Sub-Saharan Africa, Surplus, Target

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/354
Stock No:

1AGOEA2007001
ISBN:

9781451800555
ISSN:

1934-7685

Notes

Also available in Portuguese

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