International monetary fund's intervention in Angola (2016-2022)

• Autor(a) principal: Ceita, Nivaldo Lutuyma Ferreira de
• Data de Publicação: 2022
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10071/28392
• topic: Angola; IMF; Petróleo -- Petroleum; Preços -- Prices; Economia -- Economy; Fundo monetário internacional

In 2016, Angola was one of the biggest oil exporters in Africa, with the implication being that the country became dependent on oil revenues to fund its budget. The significant drop and fluctuations in the oil prices resulted in tough economic times, forcing Angola to seek help from the IMF. However, the IMF program in 2018 also came after a long period of poor fiscal policies and general mismanagement in the government. The presented descriptive research paper looks into the economic situation in Angola during the period of the past 6 years in order to determine whether the IMF program has had a positive impact on it or not. The results show that the IMF’s intervention has had a strong positive impact on the Angolan economy in certain areas such as: the achievement of a macroeconomic stability through more coordinated economic policies and the improvement of the country’s external credibility. Nevertheless, the Angolan economy still faces a number of problems and risks, especially due to the possibility of oil prices fluctuations and persistent debt. The conclusion of the dissertation provides recommendations on how to improve the economy and move forward.