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This 2015 Article IV Consultation highlights that the oil price shock is adversely impacting the economy of Angola …
Persistent link: https://www.econbiz.de/10011473223
Angola. Angola faces fiscal risks coming from multiple sources, such as volatility in oil prices and production …
Persistent link: https://www.econbiz.de/10011473225
The Government is implementing a (i) Macroeconomic Stabilization Program, which is focused on strengthening fiscal and debt sustainability; reducing inflation; promoting a more flexible exchange rate regime; improving financial sector stability; and addressing pressures on correspondent banking...
Persistent link: https://www.econbiz.de/10011984038
A 36-month Extended Arrangement under the Extended Fund Facility (hereafter the 'arrangement') was approved last December, with access of SDR 2,673 million (361 percent of quota). Lower international oil prices would reduce oil revenues, widen the current account deficit, and stymie growth...
Persistent link: https://www.econbiz.de/10012107533
This paper discusses Angola's Second Review of the Extended Arrangement Under the Extended Fund Facility, Requests for … Review. Angola continues to face a deteriorated external environment, which is weighing on the economic outlook. The Angolan …
Persistent link: https://www.econbiz.de/10012154105
reduced Angola's fiscal revenue and exports. Growth was estimated to come to a halt in 2016, with the nonoil sector …
Persistent link: https://www.econbiz.de/10011691012
This Selected Issues paper examines tradeoffs and opportunities for oil revenues in Angola. Angola is facing a stark …. Opportunities do exist to make the most of Angola's remaining oil reserves, whilst reducing its debt burden and building fiscal …
Persistent link: https://www.econbiz.de/10011913072
This 2018 Article IV Consultation highlights that lower oil prices since mid-2014 have placed the Angolan economy under stress. The authorities initially reacted to the oil price shock with significant fiscal tightening and exchange rate adjustments coupled with foreign exchange quantitative...
Persistent link: https://www.econbiz.de/10011913132
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