Angola: Fifth Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modifications of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Angola
Electronic Access:
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Summary:
Near-term macroeconomic prospects continue to improve in the context of higher oil prices and a gradual global recovery from the pandemic shock, but the medium-term outlook remains challenging and highly uncertain. Oil production remains muted, debt and inflation remain elevated, and non-oil activity is expected to recover only gradually. However, continued strong fiscal performance (aided by higher oil revenues), exchange rate stabilization, and a return to positive non-oil growth would contribute to a reduction in the debt-to-GDP ratio this year, easing debt vulnerabilities.
Series:
Country Report No. 2021/140
Subject:
Commodities COVID-19 External debt Health International organization Monetary policy Oil Oil prices Prices Public debt
Frequency:
regular
English
Publication Date:
June 30, 2021
ISBN/ISSN:
9781513578767/1934-7685
Stock No:
1AGOEA2021002
Pages:
81
Price Delivery Note:
Received: 6/30/21 at 12:38; Created: 6/30/21 at 12:51
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