After being hit hard by the global financial crisis, Angola’s economy is now gathering momentum, with robust GDP growth supported by strong fiscal and external balances, a stable exchange rate and moderate inflation. Enhanced fiscal controls and tighter public financial management would enable the government to accelerate public investment to support broad economic diversification and more rapid job creation, while reducing Angola’s considerable vulnerability to external shocks. Improvements in the investment climate and in the financial regulatory structure have enabled the rapid expansion of the banking sector, though systemic constraints in credit access significantly impair the efficiency of the economy as a whole.
DW Angola
Development Workshop Angola