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Angola - Performance and learning review of the country partnership strategy for the period FY14-FY16 (Inglês)

The Board of Executive Directors discussed the FY14-FY16 Country Partnership Strategy (CPS) for Angola on September 26, 2013. The CPS supported the Government’s 2013-2017 National Development Plan (PND), which had as objectives to accelerate economic growth and diversify the economy, improve social outcomes and ensure sustainable management of natural resources. It was structured around two pillars: 1) supporting integrated national economic diversification; and 2) enhancing the quality of service delivery; and an underlying foundation plank aimed at building human and institutional capacity and resilience to shocks. It also sought to address the crosscutting dimension of gender.The CPS program was focused on Advisory Services and Analytics (ASA).The CPS was endorsed when Angola was on the verge of graduating from IDA to the International Bank for Reconstruction and Development (IBRD) without transitioning through a blend country status.The sharp decline in oil prices that started in mid-2014 caused severe macro-fiscal challenges and put at risk the gains made in poverty reduction. The oil shock enhanced the relevance of the WBG’s financial engagement.Angola’s 2017 general elections were marked by an unprecedented political transition, and followed by promising shifts in economic policy.The Government followed through on these announcements with a series of decisions in the fiscal and monetary policy areas, and with respect to governance and private sector development, which are detailed in the next Section. In parallel the Government has been working on a medium-term strategy, the PND 2018-2022, and has unequivocally expressed its willingness to deepen the partnership with the WBG. This Performance and Learning Review (PLR) proposes to broaden the CPS program to support implementation of the reforms proposed by the newly elected GoA, thus helping Angola make progress towards the twin goals of eradicating extreme poverty and fostering shared prosperity. This Performance and Learning Review (PLR) recommends a three-year extension of the FY14-FY16 CPS until the end of FY19. The extension would allow time for the substantial course corrections proposed in the revised CPS to be implemented, for the proposed expansion of lending activities to have impact, and to build ownership and trust with the newly elected government.


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    Angola - Performance and learning review of the country partnership strategy for the period FY14-FY16

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    Combating the Financing of Terrorism; access to social safety nets; multilateral investment guarantee agency; Learning for All; oil price; small and medium enterprise; access to safe water; education and health; results framework; Public Investment Management System; life expectancy at birth; extension of closing date; sustainable water supply system; quality of service delivery; public financial management system; minimum capital adequacy ratio; foreign exchange market operation; Tax on Financial Transactions; access to foreign exchange; real gross domestic product; flexible exchange rate regime; inequality will; Efficiency of Public Expenditures; limited access to finance; human development indicator; Political Economy Analysis; financial sector risk; benchmark interest rate; macroeconomic policy framework; skill development strategy; oil shock; consumer price index; real interest rate; supreme audit institution; increase in prices; foreign exchange policy; privatization of state; data on poverty; public debt sustainability; dimension of gender; short term consultant; Poverty & Inequality; social sector expenditure; internal control environment; open competitive bidding; human development outcome; operations and maintenance; Health Service Delivery; coverage of children; power generation capacity; social assistance strategy; financial sector policy; Public Finance Management; provision of resource; reallocation of resource; severe weather events; partial risk guarantee; global climate change; victims of gender; skilled health personnel; Water and Agriculture; fuel price subsidy; control of corruption; fuel price increase; public sector staff; parallel exchange rate; foreign direct investment; exchange rate peg; local government official; public sector wage; long-term debt financing; business environment issues; decline in poverty; lack of integration; quality of education; gender parity index; household survey data; social protection program; Rule of Law; business environment constraints; economic diversification; fiscal consolidation; smallholder farmer; Exchange Rates; yellow fever; human capacity; Tax Administration; mutual trust; trade finance; oil sector; inclusive growth; national account; country survey; public bank; agricultural sector; rural population; public company; Fuel Subsidies; oil revenue; Natural Resources; governance issue; monetary policy; Public Spending; lending activities; political development; fiscal stabilization; oil giant; live birth; ghost worker; portfolio performance; heavily dependent; trade flow; monetary aggregate; gender issue; payment arrears; entrepreneurial capacity; Banking Supervision; literacy program; Indirect Exposure; Public Transportation; vulnerable people; administrative control; extreme poverty; knowledge gap; banking system; international reserve; production decision; absorptive capacity; monitoring progress; project indicator; financing need; Gender Inequality; comprehensive strategy; currency devaluation; project approval; gender inequalities; urgent attention; hard currency; current expenditure; private bank; Wage Bill; inequality decline; nutritional status; health indicator; target system; data gaps; tax base; trade union; human capital; land reform; research institute; trade tariff; Advisory services; extension service; cultivated area; population center; water sector; smallholder production; female literacy; social issue; trained teacher; youth literacy; gender balance; transmission network; result indicator; economic shock; weak bank; poverty datum; poverty headcount; average yield; power outage; women beneficiary; macroeconomic framework; inadequate infrastructure; social spending; government spending; fiscal situation; accurate assessment; visa requirements; civil society; social outcome; sustainable management; investment climate; blend country; exposure limit; extensive consultation; weather condition; political transition; severe drought; budget reporting



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