European Parliament Library

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 Angola’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
Table Of Contents
Cover; Contents; I. Recent Economic Developments and Outlook; II. Program Performance and Policy Discussions; A. Program Performance in late 2011; B. Corrective Measures to Bring the Program on Track and Enhance Accountability in Public Spending and Predictability in Oil Revenue Transfers; C. Policies for 2012: Building Buffers to Cope with Global Uncertainty; III. Post-Program Monitoring; IV. Staff Appraisal; Boxes; 1. Angola's SBA: Initial Conditions, Achievements, and Challenges Ahead; 2. The New Foreign Exchange Law for the Oil Sector; Figures; 1. Performance Among Peers, 2006-2011
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (56 p.)
Specific Material Designation
Form Of Item

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