Angola: Sixth Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Proposal for Post-Program Monitoring: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Angola.

May 9, 2012

Preview Citation

Format: Chicago

Angola: Sixth Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Proposal for Post-Program Monitoring: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Angola., (USA: International Monetary Fund, 2012) accessed September 19, 2024

Summary

This report discusses Angola’s sixth review under the Stand-By Arrangement (SBA) and request for waivers of nonobservance of performance criteria. Three years after the abrupt decline in world oil prices that severely impacted its economy, Angola has reached a sharply improved fiscal position, a more comfortable level of net international reserves, and a stable exchange rate. The authorities have embarked on far-reaching institutional reforms to enhance accountability in public spending and predictability in oil revenue transfers.

Subject: Commodities, Economic sectors, Fiscal policy, Fiscal stance, Foreign exchange, Oil, Oil prices, Oil sector, Oil, gas and mining taxes, Prices, Public debt, Taxes

Keywords: CR, Disbursement equivalent, Equivalent, Equivalent to SDR, Fiscal stance, Fund advice, Gas and mining taxes, Global, Government, ISCR, Oil, Oil prices, Oil revenue transfer, Oil sector, Reconciliation report, Reform momentum, State oil company

Publication Details

Pages:

53
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/103
Stock No:

1AGOEA2012001
ISBN:

9781475503425
ISSN:

1934-7685

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