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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2010. "Angola: First Review Under the Stand-By Arrangement and Request for a Modification of a Performance Criterion," IMF Staff Country Reports 2010/143, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2010/143
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    Cited by:

    1. van Doorn, Ralph & Suri, Vivek & Gooptu, Sudarshan, 2010. "Do middle-income countries continue to have the ability to deal with the global financial crisis ?," Policy Research Working Paper Series 5381, The World Bank.

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