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.

This report discusses Angolaâ€™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.

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Year of publication:	2012-05-09
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Economic indicators \| Fiscal transparency \| Performance criteria waivers \| Post-program monitoring \| Staff Reports \| Stand-by arrangement reviews \| fiscal accounts \| external financing \| public debt \| debt service \| fiscal operations \| external borrowing \| central bank \| fiscal balance \| capital expenditure \| domestic financing \| debt strategy \| tax reform \| tax revenue \| payment arrears \| government debt \| fiscal policy \| primary deficit \| balance of payments \| fiscal framework \| government budget execution \| national debt strategy \| central government budget \| external public debt \| government budget \| public spending \| national debt \| public finance \| current account \| medium-term fiscal framework \| debt management \| repayments \| primary fiscal deficit \| domestic currency \| fiscal adjustment \| fiscal balances \| primary fiscal balance \| fiscal stance \| domestic public debt \| fiscal consolidation \| debt-service \| fiscal deficit \| budget execution reports \| current account balance \| budget process \| tax collection \| external debt service \| public finances \| fiscal policies \| fiscal position \| debt management unit \| external debt \| expansionary fiscal \| revenue collection \| key fiscal indicators \| tax base \| government spending \| fiscal consolidation effort \| general resources account \| debt servicing \| tax compliance \| fiscal indicators \| long-term debt \| fiscal management \| fiscal expenditures \| actual debt \| reserve accumulation

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 12/103 5 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243214