Angola 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Angola

This 2016 Article IV Consultation highlights that the oil price shock that started in mid-2014 has substantially reduced Angola’s fiscal revenue and exports. Growth was estimated to come to a halt in 2016, with the nonoil sector contracting by 0.5 percent, dragged down by the industrial, constructio...

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Bibliographic Details
Corporate Author: International Monetary Fund African Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2017
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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300 |a 70 pages 
651 4 |a Angola 
653 |a Fiscal stance 
653 |a Energy: Demand and Supply 
653 |a Public debt 
653 |a Oil prices 
653 |a Finance 
653 |a Public finance & taxation 
653 |a Debt Management 
653 |a Fiscal Policy 
653 |a Debts, Public 
653 |a Debt 
653 |a Currency 
653 |a Exports and Imports 
653 |a Fiscal policy 
653 |a International Lending and Debt Problems 
653 |a International economics 
653 |a External debt 
653 |a Debts, External 
653 |a Sovereign Debt 
653 |a Foreign Exchange 
653 |a Banks and Banking 
653 |a Prices 
653 |a Macroeconomics 
653 |a Banking 
653 |a Exchange rates 
653 |a Public Finance 
653 |a Finance: General 
653 |a Foreign exchange 
710 2 |a International Monetary Fund  |b African Dept 
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490 0 |a IMF Staff Country Reports 
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520 |a This 2016 Article IV Consultation highlights that the oil price shock that started in mid-2014 has substantially reduced Angola’s fiscal revenue and exports. Growth was estimated to come to a halt in 2016, with the nonoil sector contracting by 0.5 percent, dragged down by the industrial, construction, and services sectors. Industrial production, despite the potential for import substitution, was constrained by shortages of imported inputs owing to limited availability of foreign exchange. The current account deficit, which peaked at 10 percent of GDP in 2015, is projected to be halved in 2016–17, as imports continue adjusting to limited availability of foreign exchange