Angola: Request for Stand-By-Arrangement

International Monetary Fund

No 2009/320, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses a request from Angola for a Stand-By-Arrangement (SBA). The requested SBA aims to support orderly policy adjustments to restore macroeconomic balances and rebuild international reserves. This program also includes a focused reform agenda aimed at medium-term structural issues on which long-term non-oil sector growth will ultimately depend. IMF staff and the authorities have agreed that, while the policy mix should consider all possible instruments geared toward achieving these objectives, fiscal policy should play the lead role in the policy package.

Keywords: ISCR; CR; terms of trade shock; Banco Nacional de Angola; economic crisis; spending; oil revenue; national bank of Angola; near-term growth prospect; sector growth; Exchange rates; Budget planning and preparation; Oil; gas and mining taxes; Global (search for similar items in EconPapers)
Pages: 85
Date: 2009-12-01
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