Angola: Request for An Extended Arrangement Under the Extended Fund Facility-Press Release; and Statement by the Executive Director for Angola

Author: International Monetary Fund. African Dept.

Request for An Extended Arrangement Under the Extended Fund Facility-Press Release; and Statement by the Executive Director for Angola

Volume/Issue: Volume 2018 Issue 370

Publication date: December 2018

ISBN: 9781484391334

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Topics covered in this book

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Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , International - Economics , liberalized exchange rate regime , debt management strategy , inflation expectation , authorities' objective , debt management unit , Oil , International reserves , Global , Sub-Saharan Africa , Southern Africa

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Summary

The Government is implementing a (i) Macroeconomic Stabilization Program, which is focused on strengthening fiscal and debt sustainability; reducing inflation; promoting a more flexible exchange rate regime; improving financial sector stability; and addressing pressures on correspondent banking relationships; and (ii) National Development Plan for 2018–22 to address structural bottlenecks; and promote human development, public sector reform, economic diversification, and inclusive growth. The authorities also focus on improving governance and fighting corruption.