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Angola Systematic Country Diagnostic: Creating Assets for the Poor

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2019-03-26T19:56:29Z
dc.date.available2019-03-26T19:56:29Z
dc.date.issued2018-12
dc.description.abstractAngola is endowed with significant natural wealth, but it will need to better manage these resources and reinvest them into other forms of capital to establish a sustainable development path. Before independence, the country was a relatively advanced economy with diverse exports, although its population suffered under exploitative colonial rule. Decades of conflict, during the fight for independence and the civil war that followed, exacted a heavy toll on the population, infrastructure, and the economy. The end of the war in 2002 and a booming oil industry resulted in strong economic growth, but the poor saw very little benefit from this economic prosperity. The dependence on oil exports has created macroeconomic instability, and Angola has suffered periods of fiscal contraction due to fluctuations in commodity prices. Although the country has enjoyed strong gross domestic product (GDP) growth, this has been achieved by depleting natural capital for consumption, rather than reinvestment in other types of capital to generate sustainable growth. The recent change in leadership represents a window of opportunity for political and economic reform that will allow Angola to put itself on a path toward sustainable development.The Systematic Country Diagnostic (SCD) for Angola identifies pathways and priorities to eradicate poverty and boost shared prosperity by 2030. After providing the historical context of Angola, the SCD applies the concept of the “Changing Wealth of Nations” and identifies four binding constraints for Angola to reach the World Bank’s twin goals. Oil dependency in conjunction with a low global oil price creates macroeconomic and fiscal imbalances, constraining sustainable growth and poverty reduction in Angola. A weak private sector is unable to provide a sustained growth momentum, further constraining growth and poverty reduction. The poor remain excluded from growth, limiting realized growth, but more importantly, manifesting high poverty levels. Finally, weak governance is a cross-sectoral binding constraint contributing to unsatisfactory policy outcomes. The SCD ranks areas of intervention for each binding constraint and selects the top 10 priorities to overcome the binding constraints. With a new government in place, Angola is at a critical juncture to pursue a sustainable development path to reach poverty eradication and shared prosperity.en
dc.identifierhttp://documents.worldbank.org/curated/en/337691552357946557/Angola-Systematic-Country-Diagnostic-Creating-Assets-for-the-Poor
dc.identifier.doi10.1596/31443
dc.identifier.urihttps://hdl.handle.net/10986/31443
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectMACROECONOMIC POLICY
dc.subjectFISCAL TRENDS
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPOVERTY
dc.subjectEQUITY
dc.subjectHEALTH
dc.subjectEDUCATION
dc.subjectGENDER
dc.subjectRURAL POVERTY
dc.subjectGOVERNANCE
dc.subjectSERVICE DELIVERY
dc.subjectLAND RIGHTS
dc.subjectCIVIL SOCIETY
dc.subjectCIVIC ENGAGEMENT
dc.subjectSOCIAL CONTRACT
dc.subjectDIVERSIFICATION
dc.subjectHUMAN CAPITAL
dc.titleAngola Systematic Country Diagnosticen
dc.title.subtitleCreating Assets for the Pooren
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleAngola Systematic Country Diagnostic
okr.date.disclosure2019-03-11
okr.doctypeSystematic Country Diagnostic
okr.docurlhttp://documents.worldbank.org/curated/en/337691552357946557/Angola-Systematic-Country-Diagnostic-Creating-Assets-for-the-Poor
okr.guid438231553065261474
okr.guid337691552357946557
okr.identifier.doi10.1596/31443
okr.identifier.externaldocumentum090224b086a572d2_1_0
okr.identifier.internaldocumentum30894541
okr.identifier.report135196
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/337691552357946557/pdf/angola-scd-03072019-636877656084587895.pdfen
okr.region.administrativeAfrica
okr.region.countryAngola
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPoverty Reduction::Inequality
okr.topicPoverty Reduction::Poverty and Health
okr.topicPublic Sector Development::Public Sector Management and Reform
okr.topicEducation::Access & Equity in Basic Education
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