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...

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...

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...

Our research aims to analyze Brazil's role in the international investment regime and to assess the effects of the Agreement on Cooperation and Investments Facilitation (ACIF) on Brazilian investments in Angola and Mozambique. In this second Discussion Paper, we discuss the relations between...

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...

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...

Our research aims to analyze Brazil's role in the international investment regime and to assess the effects of the Agreement on Cooperation and Investments Facilitation (ACIF) on Brazilian investments in Angola and Mozambique. In this second Discussion Paper, we discuss the relations between...

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 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 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...

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

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...

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...

1. Introduction -- Part I: Setting the Stage -- 2. Globalisation, ‘best’ management practices and cultural awareness -- 3. Contemporary tradition and modernity in Africa -- Part II: Cultural Research: etic and emic approaches -- 4. The Hofstede model: understanding a multicultural...

While improving, the economic outlook remains highly challenging, given the slow and uncertain recovery from the COVID-related shocks. Heavily dependent on oil, the Angolan economy has suffered from weakness in that sector, with falling production (related to the pandemic) and only a partial...

Near-term macroeconomic prospects continue to improve in the context of higher oil prices and a gradual global recovery from the pandemic shock, but the medium-term outlook remains challenging and highly uncertain. Oil production remains muted, debt and inflation remain elevated, and non-oil...