Angola : First Review Under the Stand-By Arrangement and Request for a Modification of a Performance Criterion.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund, Contributor.

Series:

IMF Staff Country Reports; Country Report ; No. 2010/143

IMF Staff Country Reports

Language:

English

Subjects (All):

International Monetary Fund--Angola.

International Monetary Fund.

Fiscal policy--Angola.

Fiscal policy.

Monetary policy--Angola.

Monetary policy.

Foreign exchange rates--Angola.

Foreign exchange rates.

Balance of payments--Angola.

Balance of payments.

Petroleum industry and trade--Economic aspects--Angola.

Petroleum industry and trade.

Physical Description:

1 online resource (68 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2010.

Language Note:

English

Summary:

This paper discusses key findings of the First Review Under the Stand-By Arrangement for Angola. The paper reveals that the authorities’ reforms are beginning to bear fruit in terms of achieving key program goals. The heavy foreign exchange market pressures that were evident at the program negotiations stage (September 2009) have eased. The reintroduction of the foreign exchange auction system has led to a significant and orderly adjustment in the official rate, and together with a modest appreciation of the parallel rate, has narrowed the spread between the two markets.

Contents:

Cover; Contents; I. Recent Developments and Outlook; Text figure 1. Angola: Usable Net International Reserves and the Oil Export Receipts; Text figure 2. Spread Between Official and Parallel Market Exchange Rates; II. Policies and Discussions; A. Monetary and Exchange Rate Policies; B. Debt Management; Text Figure 3. Angola and Comparator Countries with SBA: Total External Debt Outstanding at Year-End, 2009; Text figure 4. Angola: Fiscal balance, external disbursements and the projected contracting of new credit lines 2007-14 (Billion of US)

Text Figure 5. Angola: Investment Program-The Projected External Borrowing by Sectors in 2010 (Based on Contracting)C. Fiscal Policy and Public Financial Management; Text Table 1. Angola: Selected Fiscal Indicators (Percent of GDP); Box; 1. Strengthening Debt Management in Angola; III. Program Monitoring, Safeguard and Other Issues; IV. Staff Appraisal; Figures; 1. Angola in a Cross-Country Perspective, Based on Selected Group of Oil Exporting Countries (Average for 2004-08; 2. Recent Economic Trends; 3. External Debt Sustainability: Bound Test, Percent of GDP

4. Public Debt Sustainability: Bound TestsTables; 1. Selected Economic and Financial Indicators, 2007-15; 2a. Summary of Government Operation, 2006-11; 2b. Summary of Government Operations, 2006-11; 3. Monetary Survey, 2006-11; 4. Monetary Authorities, 2006-11; 5. Balance of Payments, 2006-11; 6. Banking System Financial Soundness Indicators, 2003-09; 7. External Financing Requirements and Sources, 2009-11; 8. Indicators of Capacity to Repay the Fund, 2009-16; 9. Angola Reviews and Disbursements under the Proposed 27-Month Stand-By-Arrangement

10. External Debt Sustainability Framework, 2004-201511. Public Sector Debt Sustainability Framework, 2004-15; Table 12. Angola: Public Debt, 2003-09; Appendix; I. Extended Letter of Intent; Table 1. Angola: Quantitative Performance Criteria (PC) and Indicative Targets (IT); Table 2. Angola: Proposed Structural Measures in the Program; Attachment; I. Technical Memorandum of Understanding; Annexes; I. Relations with the Fund; II. World Bank-IMF Joint Management Plan; III. Statistical Issues

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF copyright page (ebrary, viewed July 8, 2014).

ISBN:

9786613868251

9781455249183

1455249181

9781452794938

1452794936

9781283555807

1283555808

9781455203864

1455203866

OCLC:

870597135