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Commercial geography --- Foreign exchange --- Currency question -- Portugal

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ACP --- ACP --- agriculture. --- agriculture --- Rural development --- Rural development --- Information exchange --- Information exchange

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Lower oil prices since 2014 placed the Angolan economy under stress. The authorities initially reacted to the oil price shock with significant fiscal tightening and exchange rate adjustments coupled with foreign exchange quantitative restrictions. The policy mix in the run-up to the August 2017 elections—fiscal expansion and pegged exchange rate—led to a further erosion of fiscal and external buffers. The Government of President João Lourenço has focused attention on improving governance and restoring macroeconomic stability. The Government’s macroeconomic stabilization program launched in early 2018 envisages: upfront fiscal consolidation; greater exchange rate flexibility; reducing the public debt-to-GDP ratio to 60 percent over the medium term; improving the public debt profile; settling domestic payments arrears; and strengthening the AML/CFT framework and ensuring its effective.

Exports and Imports --- Foreign Exchange --- Macroeconomics --- Public Finance --- Statistics --- Debt --- Debt Management --- Sovereign Debt --- International Lending and Debt Problems --- Energy: Demand and Supply --- Prices --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Public finance & taxation --- Currency --- Foreign exchange --- International economics --- Econometrics & economic statistics --- Public debt --- Oil prices --- External debt --- Exchange rates --- Debts, Public --- Debts, External --- Money --- Angola

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This book published only in Portuguese, covers the proceedings of a seminar on Adjustment and Growth in the Current World Economic Environment, sponsored jointly by the Banco de Portugal and the IMF, held in Estoril, Portugal.

Macroeconomics --- Banks and Banking --- Foreign Exchange --- Central Banks and Their Policies --- Economic & financial crises & disasters --- Banking --- Financial crises --- Central banks --- Currency crises --- Banks and banking, Central

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A 36-month Extended Arrangement under the Extended Fund Facility (hereafter the “arrangement”) was approved last December, with access of SDR 2,673 million (361 percent of quota). Lower international oil prices would reduce oil revenues, widen the current account deficit, and stymie growth recovery. The authorities are implementing a proper policy response to the weakened outlook, through a conservative supplementary budget for 2019, alternative sources of cheaper financing, and progress toward a more flexible exchange rate regime.

Exports and Imports --- Foreign Exchange --- Macroeconomics --- Public Finance --- Criminology --- International Lending and Debt Problems --- Debt --- Debt Management --- Sovereign Debt --- Energy: Demand and Supply --- Prices --- Illegal Behavior and the Enforcement of Law --- International economics --- Public finance & taxation --- Currency --- Foreign exchange --- Corporate crime --- white-collar crime --- External debt --- Public debt --- Debts, External --- Debts, Public --- Money laundering --- Angola