Angola: Selected Issues
IMF Staff Country Reports, March 6, 2023
Source details
- Canonical URL
- Angola: Selected Issues
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Bibliographic details
- Published: March 6, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400236228.002
Development planning and SDG progress
- The paper explores development planning, sustainable development goals (SDG) progress, and fiscal space in Angola.
- Boosting human and physical capital with the goal of economic diversification and poverty reduction will likely be a primary focus of the authorities’ 2023-27 National Development Plan.
- Achieving those goals, as benchmarked by the SDGs, will entail greater and more targeted investment, with the largest spending needs falling around education and health.
Fiscal space and spending outcomes
- Economic diversification and poverty reduction in Angola will require more and better-quality spending on human and physical capital and, thus, greater fiscal space.
- Spending in these areas has historically been lower relative to lower middle-income country peers, although broadly in line with other SSA countries, and with weak outcomes.
- Creating additional fiscal space, following through on the structural fiscal reform agenda, and attracting private investment will all be critical components of improving the level and quality of development spending in Angola.
Key findings and emphasis
- Greater and more targeted investment is necessary to meet SDG benchmarks.
- Largest spending needs are in education and health.
- Structural fiscal reform and private investment attraction are critical to expand and improve development spending.
Content in this bundle
- Angola: Selected Issues; IMF Country Report No. 23/101; February 7, 2023