Angola: Selected Issues and Statistical Appendix

Author: International Monetary Fund

Volume/Issue: Volume 2003 Issue 292

Publication date: September 2003

ISBN: 9781451800524

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Inflation , Money and Monetary Policy , Taxation - General , ISCR , CR , government , Angola , monetary aggregate , central bank , inflation phenomenon , oil dependency , holdings vis-à-vis holding , reserves holdings compare , host state , Oil , gas and mining taxes , Production sharing , Inflation , Monetary base , Africa , Sub-Saharan Africa , Central and Eastern Europe , Central Asia

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Summary

Several years of high inflation rates have negatively affected economic conditions in Angola. Macroeconomic stabilization in Angola entails strict control over central bank credit to the government, an ending of the quasi-fiscal expenditures, and a reduction of the national bank of Angola’s deficit. Reserve adequacy is an important factor for stable economic development and management. This note reviews some of the main challenges faced by Angola's policymakers in launching a credible subsidy reform, and also reviews the sources and uses of state oil revenue in Angola.