At the request of the Banco Nacional de Angola (BNA), a technical assistance (TA) mission from the Monetary and Capital Markets (MCM) Department visited Luanda, Angola from May 20 to May 24, 2024. The mission helped the authorities review its forecasting and policy analysis system (FPAS),...

We investigate the well-being of urban workers in Angola under colonialism. Using a newly compiled dataset derived from archival and secondary sources, we construct welfare ratios for both skilled and unskilled workers in the cities of Luanda and Benguela spanning the years 1760 to 1975. Angolan...

We investigate the well-being of urban workers in Angola under colonialism. Using a newly compiled dataset derived from archival and secondary sources, we construct welfare ratios for both skilled and unskilled workers in the cities of Luanda and Benguela spanning the years 1760 to 1975. Angolan...

Angola remained resilient in the face of significant challenges in 2023, including weaker oil production and prices. However, the gains from fiscal consolidation were lower-than-anticipated and inflation increased. Angola’s capacity to repay the Fund is adequate though subject to risks. In the...

Angola's economic recovery in 2021/22 was nearly halted in 2023 by a double shock, as both oil production and prices weakened, and the debt moratorium ended. In response, the authorities took significant fiscal consolidation measures, including by cutting fuel subsidies, and tightened monetary...