Angola: IMF Concludes 2003 Article IV Consultation with Angola: 2003 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Angola

September 10, 2003

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Format: Chicago

Angola: IMF Concludes 2003 Article IV Consultation with Angola: 2003 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Angola, (USA: International Monetary Fund, 2003) accessed November 21, 2024

Summary

The ending of the civil war has brought to the fore the need to reconstruct the Angolan economy and address the problem of widespread poverty. A strong medium-term fiscal adjustment effort, including a reduction of the National Bank of Angola's operational deficit, is needed. The government should pursue a much more prudent foreign borrowing policy to avoid a worsening of the external debt burden. A tighter macroeconomic policy accompanied by a decisive structural reform is needed to foster economic diversification, create employment opportunities, and increase productivity.

Subject: Central Banks, Economic sectors, Expenditure, External debt, International organization, Monetary policy, Public financial management (PFM)

Keywords: Africa, Authorities' effort, Authorities' support, Budget planning and preparation, Government debt management, Government equivalent, IMF resident Representative, Inflation rate, International reserves, National bank of Angola, Oil sector, Policy discussion, President of the republic, Southern Africa, State oil revenue, Support to the peace process

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/291
Stock No:

1AGOEA0012003
ISBN:

9781451800517
ISSN:

1934-7685

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