Angola: Staff Report for the 2012 Article IV Consultation and Post Program Monitoring

August 2, 2012

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Angola: Staff Report for the 2012 Article IV Consultation and Post Program Monitoring, (USA: International Monetary Fund, 2012) accessed November 23, 2024

Summary

The Angolan government’s efforts to achieve macroeconomic stability to bring inflation and fiscal deficit considerably down are paying off despite high vulnerability to oil revenue shocks. The expected overall growth of up to 7 percent will be contributed to by increased oil production, multiple public investment programs, tax administration reforms, and inflation control. Concentrating on a medium-term fiscal framework, structural transformation and diversification are expected to reinforce the economy. The Executive Board, which welcomed the Stand-By-Arrangement and Financial Sector Assessment Program (FSAP), suggested removing exchange restrictions.

Subject: External debt, Fiscal policy, Fiscal stance, Oil, Oil prices, Oil, gas and mining taxes, Prices, Public debt, Taxes

Keywords: Africa, CR, Debt, Draft, Draft report, Europe, Fiscal stance, Gas and mining taxes, IMF government Finance Statistics Manual, ISCR, National bank of Angola, Oil, Oil prices, Reconciliation report, Report, State oil company

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/215
Stock No:

1AGOEA2012002
ISBN:

9781475506662
ISSN:

1934-7685

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