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Angola : oil, broad-based growth, and equity.

Author: World Bank.
Publisher: Washington, D.C. : World Bank, ©2007.
Series: World Bank country study.
Edition/Format:   Print book : International government publication : EnglishView all editions and formats
Summary:
Once one of the world's largest staple food producers, Angola is now known as a major oil exporter - the second largest producer in sub-Saharan Africa. Angola is also the world's fourth largest producer of rough diamonds in terms of value, with the potential to become one of the leading global diamond producers. In addition to oil and diamonds, the country is well endowed with agricultural resources which remain  Read more...
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Additional Physical Format: Online version:
Angola.
Washington, D.C. : World Bank, ©2007
(OCoLC)651893598
Material Type: Government publication, International government publication, Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: World Bank.
ISBN: 0821371029 9780821371022 9780821371039 0821371037
OCLC Number: 154309121
Language Note: Summary in Portuguese.
Description: liv, 156 pages : illustrations (some color) ; 26 cm.
Contents: Sumario Executive xiii --
1 Country Background: Socio-Economic Realities Before and After Independence 5 --
Socio-Geographic Characteristics 5 --
Living Standards Indicators 7 --
The Transition to Independence 11 --
Policy Choices and Structural Changes 14 --
2 Macroeconomic Performance in a Time of Transitions The Transition to a Market Economy 19 --
More Revenues and Less Inflation 22 --
The Tensions of Transition 32 --
3 Oil Wealth: Policy Options to Manage the Windfall 39 --
The Characteristics of the Petroleum Sector 39 --
The Legal Framework Governing the Sector 43 --
Governance, Transparency and Institutional Capacity 47 --
Oil Wealth: How Much and for How Long? 53 --
Intergenerational Considerations 59 --
Policy Options To Manage the Windfall 60 --
4 The Diamond Sector: A Potential Underexploited 67 --
The Characteristics of the Diamond Sector 67 --
Governance: Opaque and Unstable Legislation 69 --
The Business Environment: Not Competitive Enough 71 --
A Three-Pronged Strategy to Unleash the Potential of The Sector 73 --
5 Private Sector Development and the Business Environment 81 --
The Private Sector in Angola 81 --
Trade Patterns and Regional Integration 88 --
Recent Actions to Improve the Business Environment 93 --
The Way Forward 96 --
6 Removing Obstacles to Agriculture and Rural Development 103 --
A Sector Facing Daunting Challenges 103 --
Removing Obstacles to Output Growth 105 --
Stimulating Competitiveness through Better Incentives 113 --
Annex I 116 --
Annex II 117 --
7 Supporting Livelihoods and Improving Service Delivery 123 --
Supporting Livelihood Strategies 123 --
Strengthening Existing Social Programs 127 --
Reaching the Poor with Social Services 130 --
Using Fiscal Savings to Improve Service Delivery 135 --
Statistical Appendix 139 --
Map of Angola --
Endpiece.
Series Title: World Bank country study.

Abstract:

The Angolan economy is now experiencing massive oil windfall gains that are expected to last throughout the next decade. This paper proposes a strategic approach for spending and distributing the oil  Read more...

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