Angola

Abstract

Cover -- CONTENTS -- BACKGROUND -- RECENT ECONOMIC DEVELOPMENTS, OUTLOOK AND RISKS -- POLICY DISCUSSIONS -- A. Fiscal Policy: Frontloading Adjustment followed by Gradualism -- B. Monetary and Exchange Rate Policies: Modernizing Frameworks -- C. Financial Sector: Tackling Vulnerabilities -- D. Supporting Private Sector Led Growth and Economic Diversification -- E. Data Issues -- STAFF APPRAISAL -- FIGURES -- 1. Selected High Frequency Indicators, 2008-18 -- 2. Selected Monetary Indicators, 2010-17 -- 3. Fiscal Projections, International Reserves, and Exchange Rate, 2011-17 -- 4. Fiscal Developments, 2007-18 -- 5. Monetary Developments, 2012-18 -- 6. External Sector Developments, 2005-18 -- 7. Risk Assessment Matrix (January 2018) -- 8. Main Recommendations of 2016 Article IV Consultation and their Status -- 9. Foreign Exchange Policy Measures and the IMF Articles of Agreement -- TABLES -- 1. Main Economic Indicators, 2010-23 -- 2a. Statement of Central Government Operations, 2010-19 (Billions of local currency) -- 2b. Statement of Central Government Operations, 2010-19 (Percent of GDP) -- 2c. Statement of Central Government Operations, 2010-19 (Percent of non-oil GDP) -- 3. Monetary Accounts, 2010-19 -- 4. Balance of Payments, 2010-19 -- 5. Financial Stability Indicators, December 2013-December 2017 -- ANNEXES -- I. External Sector Balance Assessment -- II. Human Development and Social Spending -- III. Capacity Development Strategy for FY2019 -- CONTENTS -- FUND RELATIONS -- JOINT IMF-WORLD BANK MANAGEMENT ACTION PLAN -- STATISTICAL ISSUES.