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

May 26, 2010

Preview Citation

Format: Chicago

Angola: First Review Under the Stand-By Arrangement and Request for a Modification of a Performance Criterion, (USA: International Monetary Fund, 2010) accessed November 28, 2024

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.

Subject: Arrears, External debt, Fiscal policy, Fiscal stance, Government debt management, Public debt, Public financial management (PFM)

Keywords: Arrears, Audit result, BNA, CR, Disbursement of SDR, End-March inflation rate, End-March program target, Fiscal stance, Global, Government debt management, ISCR, National bank of Angola, Policy design

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/143
Stock No:

1AGOEA2010001
ISBN:

9781455204656
ISSN:

1934-7685

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