Angola: An Introductory Economic Review

摘要

The report examines the structure and evolution of the Angolan economy and keysectors, and provides recommendations on an economic rehabilitation strategy. It recommends economic policy measures oriented towards three main objectives: control of domestic demand; stimulation of domestic supply; and improvements in the allocation of resources. Although the Government's limited implementation capacity makes it unlikely that all of these major transformations can be fully undertaken in a short period, the distortions in the Angolan economy are so large that it will be imperative for the Government to introduce, already in the initial stages, very strong measures in the areas of price, wage and exchange rate policy and public resource management. The resulting imporvement in the incentive framework is essential in order to elicit a supply response from the productive sectors and will enable the Government to undertake other actions outlined in the report to promote sectoral development and accelerate rehabilitation activities when the war-related constraints are eased.