Angola: Request for Stand-By-Arrangement

Author: International Monetary Fund

Volume/Issue: Volume 2009 Issue 320

Publication date: December 2009

ISBN: 9781451800579

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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.

Inflation , Economics- Macroeconomics , Public Finance , Taxation - General , 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

Also of interest

Grenada

Nepal

Peru

Republic of Congo : 2001 Article IV

Summary

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.