International Monetary Fund

Search
Please send us your feedback
Luanda's waterfront

Luanda's waterfront, Angola

Angola Resident Representative Site

Resident Representative Office in Angola

This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Angola and the IMF. Additional information can be found on Angola and IMF country page, including official IMF reports and Executive Board documents that deal with Angola.

News and Highlights

Subscribe

Seeking interpreter/translator Portuguese-English for assignments in Angola

June 5, 2015 click for more

Angola: Adjusting to the Oil Price Shock

Presentation by the Resident Representative to the Association of International Petroleum Negotiators (AIPN), March 25, 2015 click for more

Angola and the oil price shock

Presentation on by Nicholas Staines (IMF Resident Representative) to the Angola Field Group, February 5 click for more

Interview with National Radio of Angola, December 2014

Interview with Nicholas Staines, IMF Resident Representative, December 9, 2014 click for more

De-dollarization: A Cross-Country Perspective

A presentation by the IMF Resident Representative, Nicholas Staines, at the BNA Conference on De-dollarization, May 13, 2014 click for more

Click for More click for more

Angola and The IMF

Angola: Technical Assistant Report - Angola - Fuel Price Subsidy Reform the Way Forward

February 4, 2015
Series: Country Report No. 15/28 click for more

Making the Most of Opportunities

September 19, 2014

Press Release: IMF Deputy Managing Director Naoyuki Shinohara Visits Angola To Discuss Economic Challenges

September 16, 2014

IMF Survey : Angola’s Growth Set to Rally after Dip in Oil Output

September 8, 2014
Lower oil production is set to cut Angola’s economic growth in 2014, before a rebound in the oil industry boosts growth next year, the IMF says in its regular review of the economy of sub-Saharan Africa’s second largest oil producer. click for more

Angola: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Angola

September 5, 2014
Series: Country Report No. 14/274
Notes:
Also available in Portuguese  click for more

Click for More click for more

Regional Economic Outlook for Sub-Saharan Africa

image from the publication cover

Sub-Saharan Africa's economy is set to register another year of solid growth, although the expansion will be at the lower end of the range registered in recent years, mainly reflecting the severe impact of the sharp decline in oil prices on the region's oil exporters. In a context of tightening global financial conditions, the large fiscal and current account deficits that prevail in some countries could leave them vulnerable to a potential reduction in external financing. An uneven global recovery and domestic security-related challenges are also risks to the outlook. Against this backdrop, and beyond the immediate effects of the current shock, further progress toward diversification and structural transformation remains crucial to sustain high and inclusive growth, generate jobs for the rapidly growing young population, and foster integration into global value chains. Click for more



Toward a Monetary Union in the East African Community

Building Resilience in Sub-Saharan Africa's Fragile States

In late 2013 the East African Community (EAC) countries (Burundi, Kenya, Rwanda, Tanzania, and Uganda) signed a joint protocol setting out the process and convergence criteria for an EAC monetary union. The signing of the protocol represents a further step toward regional economic integration. It follows ratification of the protocols for a customs union (2005) and the common market (2010). Envisaged in 2024 is the introduction of a common currency to replace the national currencies of member countries.



Building Resilience in Sub-Saharan Africa's Fragile States

Building Resilience in Sub-Saharan Africa's Fragile States

Fragile states—states in which the government is unable to deliver basic services and security to the population—face severe and entrenched obstacles to economic and human development. While definitions of fragility and country circumstances differ, fragile states generally have a combination of weak and non-inclusive institutions, poor governance, low capacity, and constraints in pursuing a common national interest. As a result, these countries typically display an elevated risk of both political instability (including civil conflict), and economic instability (through a low level of public service provision, inadequate economic management, and difficulties to absorb or respond to shocks). Crises in such countries can also have significant adverse spillovers on other countries. In contrast, resilience can be defined as a condition where institutional strength, capacity, and social cohesion are sufficiently strong for the state to promote security and development and to respond effectively to shocks.

Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight

Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight

Pan-African banks are expanding rapidly across the continent, creating cross-border networks, and having a systemic presence in the banking sectors of many Sub-Saharan African countries. These banking groups are fostering financial development and economic integration, stimulating competition and efficiency, introducing product innovation and modern management and information systems, and bringing higher skills and expertise to host countries. At the same time, the rise of pan-African banks presents new challenges for regulators and supervisors. As networks expand, new channels for transmission of macro-financial risks and spillovers across home and host countries may emerge. To ensure that the gains from cross border banking are sustained and avoid raising financial stability risks, enhanced cross-border cooperation on regulatory and supervisory oversight is needed, in particular to support effective supervision on a consolidated basis. This paper takes stock of the development of pan-African banking groups; identifies regulatory, supervisory and resolution gaps; and suggests how the IMF can help the authorities address the related challenges.



IMF Opens Africa Training Institute in Mauritius

Africa Training Institute (ATI) Logo

The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.