A combination of higher oil production as well as higher oil prices is creating oil revenue windfalls for some Sub Saharan African countries. If well managed, these revenues have the potential to reduce poverty and bridge the development gap; if not they could lead to Dutch disease and an...

This paper discusses some of the links between Angola’s oil wealth and its domestic and international political situation. These include direct effects such as the role of mineral revenue in prolonging and intensifying the recently ended civil war, and the ability of the government to use oil...

This paper discusses the policy issues facing the country of Sno TomJ e PrRncipe, a small island country in the Gulf of Guinea, given the discovery and imminent exploitation of large reserves of oil in its territorial waters. While presenting huge opportunities, the history of other African...

Angola is more dependent on oil than any other country in Sub Saharan Africa and most other countries as well, apart from a handful of OPEC members. Contributing half or more of GDP, oil revenues condition and distort every other macroeconomic variable in the country, a situation that has...

This paper discusses the current status of the Angolan macroeconomy, with a particular focus on the role of oil income both now and in the future. Emphasis is placed on the distortions that can result from large inflows of foreign exchange both in terms of the real exchange rate and also in...

This paper discusses the effects of Angola’s mineral income from oil and diamonds on the major political and economic goal of the present time: national reconciliation and reconstruction in the aftermath of its quarter century long civil war. The paper first touches upon the size of the...