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E-book
Author Gasha, Jose Giancarlo, author

Title Angola's fragile stabilization / prepared by Jose Giancarlo Gasha and Gonzalo Pastor
Published [Washington D.C.] : International Monetary Fund, African Dept., 2004
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Description 1 online resource (27 pages) : illustrations
Series IMF working paper ; WP/04/83
IMF working paper ; WP/04/83
Summary This paper discusses the nature of Angola's disinflation strategy in recent years, with special emphasis on the most recent efforts by the Angolan authorities to stabilize the economy. Looking to the past, the paper stresses the costs of the disinflation strategy, as measured by the central bank sizable foreign exchange intervention and the increase in Angola's external liabilities that unfolded in the process. The paper also notes that non-oil fiscal deficits have remained very large. Looking to the future, the paper stresses the pressing need to reduce demand pressures stemming from sizable government spending on wages and salaries, goods and services, subsidies, and other current transfers to the economy. The prescribed fiscal consolidation effort is viewed as critical to curtail the non-oil fiscal deficit, reduce inflation expectations on a lasting basis, and avoid further foreign borrowing on commercial terms, including loans collateralized by future oil revenues
Bibliography Includes bibliographical references
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Deflation (Finance) -- Angola.
Economic stabilization -- Angola.
Foreign exchange rates -- Angola.
Angola -- Economic policy.
Form Electronic book
Author Pastor, Gonzalo C. (Gonzalo Carlos), 1957- author
International Monetary Fund. African Department, issuing body
ISBN 128160187X
1451896743
9781281601872
9781451896749