Angola: Fifth Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modifications of Performance Criteria— Press Release; Staff Report, And Statement By The Executive Director For Angola
IMF Staff Country Reports, June 30, 2021
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- Angola: Fifth Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modifications of Performance Criteria— Press Release; Staff Report, And Statement By The Executive Director For Angola
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- Authors: The Executive Director For Angola Near-term
- Published: June 30, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513578767.002
Near-term and medium-term outlook
- Near-term macroeconomic prospects continue to improve in the context of higher oil prices and a gradual global recovery from the pandemic shock.
- The medium-term outlook remains challenging and highly uncertain.
Key macroeconomic conditions and constraints
- Oil production remains muted.
- Debt and inflation remain elevated.
- Non-oil activity is expected to recover only gradually.
Factors that would ease vulnerabilities
- Continued strong fiscal performance (aided by higher oil revenues).
- Exchange rate stabilization.
- A return to positive non-oil growth.
- These factors would contribute to a reduction in the debt-to-GDP ratio this year, easing debt vulnerabilities.
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- 1agoea2021002