Angola Fifth Review Under The Extended Arrangement Under The Extended Fund Facility And Request For Modifications Of Performance Criteria— Press Release; Staff Report, And Statement By The Executive Director For Angola

Angola: Fifth Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modifications of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Angola

June 30, 2021

Preview Citation

Format: Chicago

Angola: Fifth Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modifications of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Angola, (USA: International Monetary Fund, 2021) accessed November 21, 2024

Also available in: português

Summary

Near-term macroeconomic prospects continue to improve in the context of higher oil prices and a gradual global recovery from the pandemic shock, but the medium-term outlook remains challenging and highly uncertain. Oil production remains muted, debt and inflation remain elevated, and non-oil activity is expected to recover only gradually. However, continued strong fiscal performance (aided by higher oil revenues), exchange rate stabilization, and a return to positive non-oil growth would contribute to a reduction in the debt-to-GDP ratio this year, easing debt vulnerabilities.

Subject: Commodities, COVID-19, External debt, Health, International organization, Monetary policy, Oil, Oil prices, Prices, Public debt

Keywords: COVID-19, Global, National bank of Angola, Nature of the arrears, Nonobservance of the performance criterion, Oil, Oil prices, Payment arrears, Waiver of nonobservance

Publication Details

Pages:

81
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/140
Stock No:

1AGOEA2021002
ISBN:

9781513578767
ISSN:

1934-7685

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