Angola: Selected Issues

November 3, 2015

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Format: Chicago

Angola: Selected Issues, (USA: International Monetary Fund, 2015) accessed December 26, 2024

Summary

This Selected Issues paper assesses macroeconomic fiscal risks and the benefits of improved fiscal risk management in Angola. Angola faces fiscal risks coming from multiple sources, such as volatility in oil prices and production, macroeconomic shocks, weak macroeconomic forecasting; weaknesses in public fiscal management, energy subsidies, potential delays of oil revenue transfers from the state-owned oil company Sonangol to the Treasury, and contingent liabilities from state-owned banks and enterprises. Addressing these risks requires action in various fronts, including more transparent fiscal reporting, improved forecasting of fiscal aggregates and other macroeconomic variables, developing a fiscal stabilization fund with more flexible deposit and withdrawal rules, strengthened public expenditure controls, and more timely oil revenue transfers from Sonangol to the Treasury.

Subject: Banking, Deposit rates, Financial services, Fiscal risks, Interbank rates, Oil prices, Prices, Public financial management (PFM), Tax expenditures

Keywords: Africa, Angola, Angolan bank, Banco de Desenvolvimento de Angola, Bank, CR, Deposit rates, Fiscal risks, Global, Interbank rate, Interbank rates, ISCR, Lending rate, Oil prices, Reference rate, Tax, Tax expenditures

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/302
Stock No:

1AGOEA2015003
ISBN:

9781513547855
ISSN:

1934-7685

Notes

Also available in Portuguese

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