The Country Opinion Survey in Angola assists the World Bank Group (WBG) in better understanding how stakeholders in Angola perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the private sector, and...

Esta actualização do Estudo de Diagnóstico sobre a Integração do Comércio (EDIC) centra-se nos constrangimentos e oportunidades relacionados com o comércio que afectam a capacidade de Angola para diversificar e aumentar o comércio regional e global

This paper reviews Angola's recent reform efforts to strengthen good governance and fight corruption. Angola has achieved some progress on the governance and anti-corruption fronts since 2018, but the strong momentum observed through 2022 has abated. Gaps in most governance indicators remain...

Although Angola has made advances in its diversification efforts, the economy continues to be heavily dependent on crude oil with 94 percent of exports and 60 percent of fiscal revenues being attributable to oil activity. This paper discusses four policy areas which can help foster economic...

Angola's economy rebounded strongly in 2024 with a real GDP growth of 4.4 percent, fueled by a revitalized oil sector and robust performance in non-oil industries like mining, commerce, and agriculture. While macroeconomic stability has been maintained, underlying vulnerabilities persist....

This Angola Country Economic Memorandum (CEM) analyzes the country's economic growth over the past two decades and offers insights into its long-term potential. The aim is to identify the main challenges, opportunities, and policy reforms necessary for fostering a more resilient, inclusive, and...

This study aims to analyze the determinants of bank profitability in Angola by employing panel data econometric models, specifically, the Generalized Method of Moments (GMM), to assess the impact of internal and external factors on the financial indicators ROE, ROA, and NIM for the period 2016...

The economy recovered in 2024 as oil sector rebounded from its slump. However, fiscal consolidation efforts somewhat waned, auguring the start of a political cycle. Buffers built during the 2018-21 EFF-supported program are being eroded by fiscal slippages from higher capital expenditures and a...

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),...

Though rural Angola has higher rates of poverty, a third of Angolans living in poverty and 40 percent of those vulnerable to falling into poverty are in urban areas. Yet, Angola's poverty alleviation strategy – particularly its Kwenda cash transfer program introduced in 2020 -targets only...

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...

A capacity development mission of the Fiscal Affairs Department (FAD) of the IMF visited Luanda, during the period November 6-17, 2023, to provide advice on tax policy and administration reforms to modernize and improve the income tax system. The mission recommended moving from a highly...

This research investigates the significant role of international volunteering, particularly through the European Solidarity Corps (ESC), in shaping the image of Barcelos as a tourist destination. The study specifically examines various volunteer programs in Barcelos, such as construction...

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...

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...

The Country Opinion Survey in Angola assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in Angola perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the...

This Selected Issues paper explores development planning, sustainable development goals (SDG) progress, and fiscal space in Angola. Economic diversification and poverty reduction in Angola will require more and better-quality spending on human and physical capital and, thus, greater fiscal...

The 2022 Article IV Consultation discusses that Angola's economy continued to recover from the coronavirus disease 2019 pandemic in 2022, supported by higher oil prices, improved oil production, and resilient non-oil activity. Non-oil growth was broad based despite a challenging external...

This paper provides the first quantitative assessment of living standards in Angola during the colonial period, with a specific focus on the Companhia de Diamantes de Angola (Diamang), the largest and most profitable company in Portuguese colonial history. Employing the "barebones subsistence...

This manuscript seeks to introduce the concepts present in competition legislation of four Portuguese-speaking countries for new competition officials and operators to grasp essential concepts. Although not a new subject, economic changes in several countries have served as a backdrop to drive...

Climate change is already affecting people's lives and livelihoods in Angola, as well as the Angolan economy. The country is experiencing increasingly severe and frequent climate hazards, including the South's worst prolonged droughts in decades. Climate change impacts also come with a heavy...

This first World Bank report on drought in Angola aims to provide a practical approach and actionable measures to support the government of Angola in its paradigm shift toward drought and climate resilience. To provide a clear picture of the problem and its solutions, the report focuses on...

This paper argues that brick-and-mortar retail Small and Medium Enterprises (SMEs) can benefit significantly from the capabilities of mobile commerce (m-commerce) to respond to the unpredictable changes in the business environment, accommodate new consumer experiences, boost sales of...

Policies since 2018 have stabilized the economy in a very difficult environment. Yet many challenges remain for sustainable development, especially high debt and oil dependency. The authorities remain committed to continued reforms