As a country with a negative record on transparency and the adoption of economic reforms, the staff-monitored program was a way to establish a better track record on these areas and pave the way for discussions on a program supported with a loan from the Fund. It now appears that such track record is yet to be established, and that unless there is concrete progress on the inflation front and stronger results on program implementation and on transparency measures during the next few months, discussions on a PRGF program will look increasingly remote.
DW Angola
Development Workshop Angola