IMF Staff Country Reports

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

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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 December 22, 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:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2021/140

  • Stock No:

    1AGOEA2021002

  • ISBN:

    9781513578767

  • ISSN:

    1934-7685

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