Angola Recent Economic Developments
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Angola
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1995-12-19
Angola written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-12-19 with Business & Economics categories.
This paper describes economic developments in Angola during the 1990s. A major decline in economic conditions occurred in 1993, in the wake of the resumption of the civil war. In 1993, inflation reached unprecedented levels, overall GDP declined by an estimated 24 percent in real terms, and oil production experienced a downturn for the first time, in part as a result of the destruction of a major onshore oil facility. Export earnings from crude oil were also hit by the decline in world oil prices. Nevertheless, the economy became increasingly dependent on oil.
Angola Recent Economic Developments
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Author :
language : en
Publisher:
Release Date : 1991
Angola Recent Economic Developments written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with categories.
Angola Recent Economic Developments
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Author : Frederick Ribe
language : en
Publisher:
Release Date : 1997
Angola Recent Economic Developments written by Frederick Ribe and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Angola categories.
Angola
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Author : Fonds monétaire international
language : en
Publisher:
Release Date : 1995
Angola written by Fonds monétaire international and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.
Angola
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Author : Fonds monétaire international
language : en
Publisher:
Release Date : 1995
Angola written by Fonds monétaire international and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.
Angola
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Author : DC). International Monetary Fund (Washington
language : en
Publisher:
Release Date : 2000
Angola written by DC). International Monetary Fund (Washington and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.
Angola
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Author : International Monetary Fund. African Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2014-03-19
Angola written by International Monetary Fund. African Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-03-19 with Business & Economics categories.
This paper reviews Angola’s Second Post-Program Monitoring for different economic developments and policies. The IMF report highlights that Angola has returned to a path of solid economic growth, with single-digit inflation, a strong international reserves position, and a stable exchange rate. Growth has slowed to 4 percent in 2013, but is expected to increase to 5 percent in 2014 as oil production recovers. It outlines that Angola’s capacity to repay the fund remains strong, but the macroeconomic framework and institutional setting should be strengthened to facilitate the process of rebuilding external and fiscal buffers.
Angola
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Author : International Monetary Fund. African Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2014-09-05
Angola written by International Monetary Fund. African Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-09-05 with Business & Economics categories.
KEY ISSUES Context and outlook: Angola’s recent economic developments have been positive, but softening oil revenue and limited proven oil reserves highlight the need to contain emerging fiscal deficits, preserve policy buffers, and continue diversifying the economy. Focus of consultation: Discussions focused on mitigating the main risks to the macroeconomic framework and, inter alia, policies to return to structural fiscal surpluses over the medium term, and to support economic diversification and inclusive growth, the modernization of the monetary policy framework, and financial stability. Key policy recommendations: • Return to structural fiscal surpluses in line with the objective set forth in Angola’s Sovereign Wealth Fund, by mobilizing additional nonoil tax revenue, improving the efficiency of public investment, and reducing current spending, including by phasing out the costly and regressive fuel subsidies—while mitigating the impact on the poor through well-targeted social assistance. • Adopt an improved medium-term fiscal framework, focusing on the structural fiscal balance to limit the impact of the oil sector on the nonoil economy. • Develop a coherent asset-liability management framework, including a well-designed stabilization fund to shield the budget from oil revenue fluctuations. • Further improve public financial management systems to avoid, inter alia, a recurrence in the future of domestic payments arrears. • Continue improving the business climate to boost economic development, diversification, and competitiveness. • In transitioning over the medium-term toward an inflation targeting regime, enhance the central bank’s capacity to collect and analyze high-frequency economic data, and continue de-dollarizing the economy. • Further strengthen the financial system, by continuing to improve the transparency and accountability of banks, and enhancing bank supervision. • Manage public guarantees transparently and with a view to minimize fiscal costs, as envisaged in the recently-approved law on public guarantees.
Angola Recent Economic And Political Developments Yearbook
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Author : IBP USA Staff
language : en
Publisher:
Release Date : 2007-05-01
Angola Recent Economic And Political Developments Yearbook written by IBP USA Staff and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-05-01 with Business & Economics categories.
Angola Recent Economic and Political Developments Yearbook
Angola
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Author : International Monetary Fund. African Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2014-09-05
Angola written by International Monetary Fund. African Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-09-05 with Business & Economics categories.
KEY ISSUES Context and outlook: Angola’s recent economic developments have been positive, but softening oil revenue and limited proven oil reserves highlight the need to contain emerging fiscal deficits, preserve policy buffers, and continue diversifying the economy. Focus of consultation: Discussions focused on mitigating the main risks to the macroeconomic framework and, inter alia, policies to return to structural fiscal surpluses over the medium term, and to support economic diversification and inclusive growth, the modernization of the monetary policy framework, and financial stability. Key policy recommendations: • Return to structural fiscal surpluses in line with the objective set forth in Angola’s Sovereign Wealth Fund, by mobilizing additional nonoil tax revenue, improving the efficiency of public investment, and reducing current spending, including by phasing out the costly and regressive fuel subsidies—while mitigating the impact on the poor through well-targeted social assistance. • Adopt an improved medium-term fiscal framework, focusing on the structural fiscal balance to limit the impact of the oil sector on the nonoil economy. • Develop a coherent asset-liability management framework, including a well-designed stabilization fund to shield the budget from oil revenue fluctuations. • Further improve public financial management systems to avoid, inter alia, a recurrence in the future of domestic payments arrears. • Continue improving the business climate to boost economic development, diversification, and competitiveness. • In transitioning over the medium-term toward an inflation targeting regime, enhance the central bank’s capacity to collect and analyze high-frequency economic data, and continue de-dollarizing the economy. • Further strengthen the financial system, by continuing to improve the transparency and accountability of banks, and enhancing bank supervision. • Manage public guarantees transparently and with a view to minimize fiscal costs, as envisaged in the recently-approved law on public guarantees.