Angola: Request for Stand-By-Arrangement

December 1, 2009

Preview Citation

Format: Chicago

Angola: Request for Stand-By-Arrangement, (USA: International Monetary Fund, 2009) accessed September 18, 2024

Summary

This paper discusses a request from Angola for a Stand-By-Arrangement (SBA). The requested SBA aims to support orderly policy adjustments to restore macroeconomic balances and rebuild international reserves. This program also includes a focused reform agenda aimed at medium-term structural issues on which long-term non-oil sector growth will ultimately depend. IMF staff and the authorities have agreed that, while the policy mix should consider all possible instruments geared toward achieving these objectives, fiscal policy should play the lead role in the policy package.

Subject: Budget planning and preparation, Exchange rates, Fiscal policy, Fiscal stance, Foreign exchange, Oil, gas and mining taxes, Public financial management (PFM), Taxes

Keywords: Banco Nacional de Angola, Budget planning and preparation, CR, Economic crisis, Exchange rates, Gas and mining taxes, Global, ISCR, National bank of Angola, Near-term growth prospect, Oil, Oil revenue, Sector growth, Spending, Terms of trade shock

Publication Details

Pages:

85
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/320
Stock No:

1AGOEA2009001
ISBN:

9781451800579
ISSN:

1934-7685

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