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
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
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
Pages:
53
Volume:
2012
DOI:
Issue:
103
Series:
Country Report No. 2012/103
Stock No:
1AGOEA2012001
ISBN:
9781475503425
ISSN:
1934-7685
