Angola : Oil, Broad-Based Growth, and Equity
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Washington, DC: World Bank
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This book points out that the main
issues confronting the Angolan authorities in their efforts
to consolidate macroeconomic stability on a sustainable
basis and in promoting an improvement in the welfare of the
Angolan citizens do not seem to differ significantly from
those addressed in the 1990 report. Therefore, in the
current Country Economic Memorandum, the Bank reassesses
some of the key issues that remain relevant nowadays and
that should help the Angolan economy reach a path of
sustainable economic development. The analysis in this
report centers around the following four core issues: (i)
taking stock of socio-economic realities; (ii) the options
available for the management of the country's mineral
wealth without deleterious macroeconomic consequences; (iii)
the main constraints to economic diversification away from
the mineral sectors; and (iv) the challenges and
opportunities to improve the welfare of the population. Each
of these core issues forms the building blocks that provide
an overview of the current situation and a possible solution
to Angola's structural problems in the short to the
medium term. The report thus plays an informative role and
offers policy recommendations. In Chapter 1, the analysis
starts with a brief discussion of socio-economic realities
in the country. In Chapter 2, a comprehensive macroeconomic
assessment is presented highlighting major past features,
the country's constant search for stability, and recent
successes in the macroeconomic front. In Chapter 3, the
report discusses the structure of the petroleum sector, the
future production profile, the size of the oil wealth, and
policy options to manage the revenue windfall. Chapter 4
focuses on the diamond sector, its structure, legal and
fiscal framework, and explores ways in which the sector can
improve its contribution to social development. In Chapter
5, the report assesses the quality of the business
environment and the opportunities to improve the investment
climate. Chapter 6 discusses alternatives to unleash the
potential of the agricultural sector in generating
employment outside of the mineral sectors. Finally in
Chapter 7, the analysis focuses on how to improve the
livelihoods of the poor and of the vulnerable with
recommendations on how to use the mineral wealth to improve
public service delivery targeted to the poor.
Palabras clave
AUDITOR, BUSINESS ENVIRONMENT, CENTRAL BANK, CIVIL SOCIETY, CIVIL WAR, CIVIL WARS, COMMODITY, COMMODITY EXPORTS, CONSUMER, CONSUMER PRICE INDEX, CONSUMER PRICE INFLATION, COPYRIGHT CLEARANCE, COPYRIGHT CLEARANCE CENTER, CORPORATE SOCIAL RESPONSIBILITY, CORRUPTION, CORRUPTION PERCEPTION, CORRUPTION PERCEPTION INDICES, CORRUPTION PERCEPTIONS, CORRUPTION PERCEPTIONS INDEX, CPI, CURRENCY, DECENTRALIZATION, DEMOCRACY, DEPOSITS, DEVELOPING COUNTRIES, DEVELOPMENT BANK, DISPUTE RESOLUTION, DIVIDEND, ECONOMIC DEVELOPMENT, ECONOMIC REALITIES, EMPLOYMENT, EXCHANGE RATE, EXPENDITURE, EXPENDITURES, EXPORTER, EXPORTERS, FINANCE MANAGEMENT, FISCAL DEFICITS, FISCAL POLICY, FISCAL POSITION, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, GOVERNMENT EXPENDITURE, GOVERNMENT POLICIES, GOVERNMENT REVENUE, GOVERNMENT REVENUES, GROSS DOMESTIC PRODUCT, GROSS REVENUE, HUMAN DEVELOPMENT, INCOME, INCOME SOURCES, INCOME TAX, INCOMES, INFLATION, INFLATION RATE, INFLATION RATES, INSTITUTIONAL CAPACITY, INTERNATIONAL BANK, INTERNATIONAL DEVELOPMENT, INTERNATIONAL FINANCIAL INSTITUTIONS, INTERNATIONAL RESERVES, INVESTMENT CLIMATE, INVESTMENT DECISIONS, INVESTMENT PROGRAM, INVESTOR PROTECTION, JOINT VENTURES, LEADERSHIP, LEGAL FRAMEWORK, LEGISLATION, LIVING STANDARDS, MACROECONOMIC MANAGEMENT, MACROECONOMIC PERFORMANCE, MACROECONOMIC POLICY, MACROECONOMIC STABILIZATION, MARKET ECONOMY, MINISTER, MINISTERS, MONETARY FUND, MONEY CREATION, NATURAL RESOURCE, NATURAL RESOURCES, OIL PRICE, OIL RESERVES, OPEN ECONOMY, OUTPUT, POLITICAL RISKS, PRIVATE SECTOR DEVELOPMENT, PRIVATE SECTOR INVESTMENT, PRODUCTIVE INVESTMENTS, PRODUCTIVITY, PUBLIC EXPENDITURE, PUBLIC EXPENDITURES, PUBLIC FINANCE, PUBLIC INVESTMENT, PUBLIC SERVICE DELIVERY, PUBLIC SERVICES, RATE OF INFLATION, REGIONAL INTEGRATION, RESERVES, RESOURCE MANAGEMENT, RESUME, SAVINGS, SENIOR, SETTLEMENT, SOCIAL ISSUES, SOCIAL SERVICES, STAKEHOLDERS, STATE INTERVENTION, SUB-SAHARAN AFRICA, SUBSIDIARY, SUSTAINABLE DEVELOPMENT, TAX, TOTAL COSTS, TRANSACTION, TRANSPARENCY, TRANSPARENCY INITIATIVE, URBAN ECONOMY, VALUABLE, WORLD MARKET