IMF Staff Country Reports

Angola: Request for Stand-By-Arrangement

Publication Date:

December 1, 2009

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Country Report No. 2009/320

Subject:

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