Angola: Sixth Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Proposal for Post-Program Monitoring: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Angola.
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This report discusses Angola’s sixth review under the Stand-By Arrangement (SBA) and request for waivers of nonobservance of performance criteria. Three years after the abrupt decline in world oil prices that severely impacted its economy, Angola has reached a sharply improved fiscal position, a more comfortable level of net international reserves, and a stable exchange rate. The authorities have embarked on far-reaching institutional reforms to enhance accountability in public spending and predictability in oil revenue transfers.
Series:
Country Report No. 2012/103
Subject:
Commodities Economic sectors Fiscal policy Fiscal stance Foreign exchange Oil Oil prices Oil sector Oil, gas and mining taxes Prices Public debt Taxes
English
Publication Date:
May 9, 2012
ISBN/ISSN:
9781475503425/1934-7685
Stock No:
1AGOEA2012001
Pages:
53
Please address any questions about this title to publications@imf.org