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

Label
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
Language
eng
Abstract
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
Bibliography note
Includes bibliographical references
resource.governmentPublication
international or intergovernmental publication
Literary Form
non fiction
Main title
Angola :
Nature of contents
dictionaries
Series statement
IMF Staff Country Reports
Sub title
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
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, 2006-20112. Recent Economic Developments, 2008-20123. Quantitative IMF Program Performance, 2010-11; 4. External Sector Developments, 2008-2012; 5. Monetary and Financial Sector Developments, 2008-2011; Tables; 1. Main Economic Indicators, 2008-2012; 2a. Fiscal Operations of the Central Government, 2008-2012; 2b. Fiscal Operations of the Central Government, 2008-2012; 2c. Fiscal Operations of the Central Government, 2008-2012; 3. Monetary Accounts, 2008-2012; 4. Balance of Payments, 2008-2012; 5. Illustrative Medium-Term Scenario, 2009-2016; 6. External Financing Requirements and Sources, 2009-20127. Banking System Financial Soundness Indicators, 2003-20118. Indicators of Capacity to Repay the Fund, 2009-2016; 9. Reviews and Disbursements under the 27-month Stand-By Arrangement; 10. Quantitative Performance Criteria (PCs) and Indicative Targets (ITs), 2011; 11. Structural Reform Measures Under the Stand-By Arrangement; Appendices; I. Letter of Intent; II. An Update on Clarifying the Unexplained Residual in the 2007-2010 Fiscal Accounts
Classification
Content