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Angola: IMF Concludes 2003 Article IV Consultation with Angola: 2003 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Angola

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  • International Monetary Fund

Abstract

The ending of the civil war has brought to the fore the need to reconstruct the Angolan economy and address the problem of widespread poverty. A strong medium-term fiscal adjustment effort, including a reduction of the National Bank of Angola's operational deficit, is needed. The government should pursue a much more prudent foreign borrowing policy to avoid a worsening of the external debt burden. A tighter macroeconomic policy accompanied by a decisive structural reform is needed to foster economic diversification, create employment opportunities, and increase productivity.

Suggested Citation

  • International Monetary Fund, 2003. "Angola: IMF Concludes 2003 Article IV Consultation with Angola: 2003 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive D," IMF Staff Country Reports 2003/291, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2003/291
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