European Parliament Library

Angola :, Fifth Review Under the Stand-By Arrangement, Request for Waiver of Applicability of Performance Criteria, and Request for Modification of Performance Criteria: Staff Report; Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Angola

The Executive Board of the IMF has completed the fifth review of Angola’s economic performance under a program supported by the Stand-By Arrangement. The Board’s decision enables the immediate disbursement of an amount equal to SDR 85.9 million, bringing total disbursements under the arrangement with Angola to an amount equal to SDR 773.01 million. The Angolan authorities should be commended for strong performance under the IMF-supported stabilization and reform program. The sustained fiscal adjustment, helped by higher oil prices, has fostered reserve accumulation, a stable exchange rate, and declining inflation
Table Of Contents
Cover; Contents; I. The Context; II. Recent Developments and Outlook; III. Policy Discussions; A. Avoiding the Recurrence of Domestic Payments Arrears; B. The Fiscal Framework and the Use of Part of the Projected 2011 Oil Revenue Windfall; C. Managing and Tracking the Flows from the Oil Sector to the Budget; D. Monetary and Financial Sector Issues; E. Setting the Structural Reform Agenda; IV. Program Monitoring and Program Design; V. Staff Appraisal; Tables; 1. Main Economic Indicators, 2008-12; 2a. Fiscal Operations of the Central Government, 2008-12
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (75 p.)
Specific Material Designation
Form Of Item

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