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Angola: Staff Report for the 2012 Article IV Consultation and Post Program Monitoring

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  • International Monetary Fund

Abstract

The Angolan government’s efforts to achieve macroeconomic stability to bring inflation and fiscal deficit considerably down are paying off despite high vulnerability to oil revenue shocks. The expected overall growth of up to 7 percent will be contributed to by increased oil production, multiple public investment programs, tax administration reforms, and inflation control. Concentrating on a medium-term fiscal framework, structural transformation and diversification are expected to reinforce the economy. The Executive Board, which welcomed the Stand-By-Arrangement and Financial Sector Assessment Program (FSAP), suggested removing exchange restrictions.

Suggested Citation

  • International Monetary Fund, 2012. "Angola: Staff Report for the 2012 Article IV Consultation and Post Program Monitoring," IMF Staff Country Reports 2012/215, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2012/215
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=26144
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    Cited by:

    1. Francesco Franco & Julio Antonio Rocha Delgado & Suzana Camacho Monteiro & Pedro Castro e Silva, 2015. "Exchange rate pressure in Angola," FEUNL Working Paper Series novaf:wp1502, Universidade Nova de Lisboa, Faculdade de Economia.
    2. Francesco Franco & Julio Antonio Rocha Delgado & Suzana Camacho Monteiro & Pedro Castro e Silva, 2015. "Exchange rate pressure in Angola," NOVAFRICA Working Paper Series wp1502, Universidade Nova de Lisboa, Nova School of Business and Economics, NOVAFRICA.

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