IMF Staff Country Reports

Angola: Fifth Review Under the Stand-By Arrangement, Request for Waiver of Applicability of Performance Criteria, and Request for Modification of Performance Criteria: Staff Report; Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Angola.

December 8, 2011

Download PDF

Preview Citation

Format: Chicago

Angola: Fifth Review Under the Stand-By Arrangement, Request for Waiver of Applicability of Performance Criteria, and Request for Modification of Performance Criteria: Staff Report; Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Angola., (USA: International Monetary Fund, 2011) accessed December 15, 2024

Summary

The Executive Board of the IMF has completed the fifth review of Angola’s economic performance under a program supported by the Stand-By Arrangement. The Board’s decision enables the immediate disbursement of an amount equal to SDR 85.9 million, bringing total disbursements under the arrangement with Angola to an amount equal to SDR 773.01 million. The Angolan authorities should be commended for strong performance under the IMF-supported stabilization and reform program. The sustained fiscal adjustment, helped by higher oil prices, has fostered reserve accumulation, a stable exchange rate, and declining inflation.

Subject: Arrears, Commodities, Currencies, External debt, Money, Oil, Oil, gas and mining taxes, Public debt, Taxes

Keywords: Arrears, CR, Currencies, Executive Board's discussion, Finance statistics, Gas and mining taxes, Global, Government, IMF's article, ISCR, Oil, Oil company, Oil revenue data, Oil revenue transfer, Revenue

Publication Details

  • Pages:

    71

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2011/346

  • Stock No:

    1AGOEA2011002

  • ISBN:

    9781463929824

  • ISSN:

    1934-7685

Notes

Also Available in Portuguese

You May Also Be Interested In...

Benin: 2024 Article IV Consultation-Fourth Review under the Extended Fund Facility and the Extended Credit Facility Arrangements, and the First Review under the Resilience and Sustainability Facility, and Request for Modification of a Quantitative Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Benin

December 13, 2024

The Dynamics of Trade Integration and Fragmentation in LAC

December 13, 2024

Republic of Serbia: Fourth Review Under the Stand-By Arrangement, Cancellation of the Stand-By Arrangement, and Request for a 36 Month Policy Coordination Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Serbia

December 12, 2024

Chad: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chad

December 12, 2024