Angola : Investment Climate Assessment

Successive armed conflicts, which lasted almost three decades after independence, have devastated Angola and its economy. However, since the peace accord of April 2002, Angolans have begun a transition toward national reconciliation and lasting pea...

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Bibliographic Details
Main Author:	World Bank
Format:	Investment Climate Assessment (ICA)
Language:	English
Published:	Washington, DC 2012
Subjects:	ABSENTEEISM ACCESS TO CREDIT ACCOUNTING ACCOUNTING FRAMEWORK AGRICULTURE AIR ANNUAL INFLATION RATE ARBITRAGE ARBITRATION ARBITRATION LAW BANKING SECTOR BANKS BENCHMARKS BONDS BOTTLENECKS BRIDGE BUDGET DEFICIT BUDGET SURPLUS BUSINESS ENVIRONMENT BUSINESS INDICATORS BUSINESS OPERATION CENTRAL BANK COLLATERAL COLLATERAL LAW COLLATERAL REGISTRIES COLLATERAL REQUIREMENTS COMMERCE COMPETITIVENESS CONSUMER CONTRIBUTION CONTRIBUTIONS CONTROLLED PRICES CORPORATE REGISTRIES COST OF CREDIT COSTS OF TRANSPORTATION CREDIT BUREAUS CREDIT INFORMATION CREDIT POLICIES CRUDE OIL PRICE CUSTOM CUSTOMS DEBT DEBTS DECENTRALIZATION DEEDS DEVELOPMENT BANK DEVELOPMENT STRATEGY DISCLOSURE REQUIREMENT DIVERSIFICATION DOMESTIC CREDIT DOMESTIC CURRENCY DRIVERS EARNINGS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC MANAGEMENT ECONOMIC OUTLOOK ECONOMIC PERFORMANCE ECONOMIC POLICIES ELECTRICITY ENTERPRISE DEVELOPMENT EXCESS LIQUIDITY EXCHANGE RATE EXPORTER EXPORTERS EXPORTS EXTERNAL DEBT EXTERNAL DEBTS EXTERNAL SHOCK EXTREME POVERTY FARES FINANCES FINANCIAL DATA FINANCIAL MARKET FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SITUATION FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICY FISCAL SURPLUS FISCAL SUSTAINABILITY FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN INVESTMENT FULL-TIME EMPLOYEES GDP PER CAPITA GINI COEFFICIENT GOVERNMENT BONDS GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT REGULATIONS GOVERNMENT REVENUES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH RATE HOLDING HOLDINGS HOUSEHOLD INCOME HUMAN RESOURCES ILLITERACY IMPORT LICENSE IMPORT LICENSES INDIRECT COST INDIRECT COSTS INFLATION INFLATION RATES INFLATIONARY PRESSURES INFORMATION INFRASTRUCTURE INFORMATION SYSTEM INFRASTRUCTURE REHABILITATION INSPECTIONS INSTITUTION INSTRUMENT INTEREST RATES INTEREST RATES ON LOANS INTERNATIONAL COMPARISON INTERNATIONAL COMPARISONS INTERNATIONAL CRUDE OIL INTERNATIONAL MARKET INTERNATIONAL PRICES INVENTORIES INVENTORY INVESTMENT CLIMATE INVESTMENT CLIMATE ASSESSMENT INVESTMENT CLIMATE ASSESSMENTS LABOR MARKET LARGE COMPANIES LARGE FIRMS LIMITED ACCESS LIQUIDITY LOAN LOAN APPLICATIONS LONG-TERM FINANCE LOW INCOME M3 MACROECONOMIC ADJUSTMENT MACROECONOMIC CONTROL MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MACROECONOMIC VARIABLES MANUFACTURING MARITIME TRANSPORT MARKET ECONOMY MARKET PRICE MARKET SHARE MEDIUM ENTERPRISES MICROFINANCE MONETARY FINANCING MONETARY POLICY NATIONAL INCOME NATURAL RESOURCES NOTARY OIL PRICES PERFORMANCES PERMANENT EMPLOYEES POLITICAL ECONOMY POLITICAL STABILITY POPULATION DENSITY POPULATION GROWTH POVERTY ALLEVIATION POVERTY SITUATION PRICE INCREASES PRICE STABILITY PRICE VOLATILITY PRIVATE CREDIT PRIVATE CREDIT BUREAUS PRIVATE INVESTMENTS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR PARTICIPATION PRODUCT MARKETS PRODUCTION FUNCTION PRODUCTIVITY PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCES PUBLIC RECORD PUBLIC SPENDING QUESTIONNAIRE RAILWAYS RATE OF GROWTH RATE OF INFLATION RATES OF INFLATION REAL ESTATE REAL ESTATE REGISTRY REAL EXCHANGE RATE REAL GDP REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY REQUIREMENTS RESEARCH ASSISTANCE RESERVE RESOURCE ALLOCATION RESPONSIBILITIES RESULT RESULTS RETURN ROAD ROADS SALES SANITATION SECURITY SERVICES SENIOR SHORT-TERM FINANCE SOCIAL SERVICES STAKEHOLDERS STREETS TAX TAX POLICY TAX RATES TAXATION TOTAL FACTOR PRODUCTIVITY TRADING TRANSIT TRANSMISSION TRANSPARENCY TRANSPARENT GOVERNANCE TRANSPORT TRANSPORTATION TRUE TURNOVERS VALUE ADDED WALKING WAREHOUSE WEALTH WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2007/10/10058404/angola-investment-climate-assessment http://hdl.handle.net/10986/7915

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Summary:	Successive armed conflicts, which lasted almost three decades after independence, have devastated Angola and its economy. However, since the peace accord of April 2002, Angolans have begun a transition toward national reconciliation and lasting peace. For the Government of Angola (GoA), one of the main challenges ahead is to reconstruct the economy and reunite society after a war that has left its most visible marks on the millions of displaced that are returning to their areas of origin and demobilized former combatants that will need to be reintegrated into society. Peace in Angola has come hand in hand with a surge in Gross National Income (GNI) per capita over the past years: per capita GNI rose from USD 470 in 2001 to about USD 1,980 in 2006, primarily as a result of increased oil production and revenue. Even though the national income is currently above the average level in Sub-Saharan Africa, Angola was nonetheless ranked 161st out of 177 countries in the United Nations Human Development Index (HDI) of 2006. This underscores the magnitude of Angola's challenges in the social sphere. The World Bank's Interim Strategy Note (ISN) of February 2005 was set to support the government's program for 2005-2006 and emphasized the need to encourage the private sector's role through a stronger public/private dialogue frame work and a more propitious operating environment for the private sector. The World Bank's ISN of May 2007 reinforced this need, whilst at the same time recognizing that there has been progress: 'the GoA has adopted legislation to streamline the regulatory framework and clarify land rights and has improved customs procedures. It has also taken steps to improve access to financial services, including microfinance, by allowing new entrants into the market. Investments in infrastructure, including roads, railways, and electricity generation and transmission will also improve the investment climate'.

Angola : Investment Climate Assessment

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