02467cas a2200241 a 4500 AALejournalIMF016106 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513523491 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Angola : Second Review of the Extended Arrangement Under the Extended Fund Facility, Requests for a Waiver of Nonobservance of Performance Criteria, Modifications of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Angola. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (96 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses Angola's Second Review of the Extended Arrangement Under the Extended Fund Facility, Requests for a Waiver of NonObservance of Performance Criteria, Modifications of Performance Criteria, and Financing Assurances Review. Angola continues to face a deteriorated external environment, which is weighing on the economic outlook. The Angolan authorities have maintained their commitment to the Fund-supported program despite a challenging external and domestic environment. The authorities' commitment to fiscal consolidation has been illustrated by the outperformance of the end-June 2019 non-oil primary fiscal deficit target by a wide margin. Sustained fiscal discipline is needed to address debt vulnerabilities. The conservative fiscal stance is expected to continue in 2020. In order to ensure that gains from fiscal consolidation will be preserved in the medium term and to mitigate the elevated risks to debt sustainability, the authorities need to persevere with measures to mobilize non-oil revenue, strengthen public financial management, improve debt management, and bolster transparency and accountability of state-owned enterprises. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/371 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/371/002.2019.issue-371-en.xml IMF e-Library