02484cas a2200313 a 4500 AALejournalIMF021859 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513585833 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Angola: Fourth Review Under the Extended Arrangement Under the Extended Fund Facility and Requests for Modifications of Performance Criteria and Waivers for Performance Criteria Applicability and Nonobservance-Press Release; Staff Report; and Statement by the Executive Director for Angola. Portuguese Angola : Fourth Review Under the Extended Arrangement Under the Extended Fund Facility and Requests for Modifications of Performance Criteria and Waivers for Performance Criteria Applicability and Nonobservance-Press Release; Staff Report; and Statement by the Executive Director for Angola. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (87 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 While improving, the economic outlook remains highly challenging, given the slow and uncertain recovery from the COVID-related shocks. Heavily dependent on oil, the Angolan economy has suffered from weakness in that sector, with falling production (related to the pandemic) and only a partial rebound in international prices recently. These shocks have led to a fifth straight year of recession and hardship. The public debt-to-GDP ratio has risen to very elevated levels, driven by recent real exchange rate depreciation. Nevertheless, strong fiscal performance and active debt management are setting the stage for a gradual economic recovery and reduction in debt vulnerabilities. Mode of access: Internet Debt Management imf Debt imf Energy imf International Lending and Debt Problems imf Sovereign Debt imf IMF Staff Country Reports; Country Report ; No. 2021/017 Full text available on IMF http://elibrary.imf.org/view/journals/002/2021/017/002.2021.issue-017-pt.xml IMF e-Library