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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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2021. "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 D," IMF Staff Country Reports 2021/140, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2021/140
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=461318
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    Cited by:

    1. Wa’ed Alshoubaki & Michael Harris, 2021. "Jordan's Public Policy Response to COVID-19 Pandemic: Insight and Policy Analysis," Public Organization Review, Springer, vol. 21(4), pages 687-706, December.

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