Angola, recent economic developments.

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Bibliographic Details
Imprint:Washington, D.C. : International Monetary Fund, ©1995.
Description:1 online resource (vi, 85 pages) : illustrations.
Language:English
Series:IMF staff country report ; no. 95/122
IMF staff country report ; no. 95/122.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12498061
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Other authors / contributors:Leite, Sérgio Pereira.
International Monetary Fund.
ISBN:9781451800470
Notes:Print version record.
Summary:This paper describes economic developments in Angola during the 1990s. A major decline in economic conditions occurred in 1993, in the wake of the resumption of the civil war. In 1993, inflation reached unprecedented levels, overall GDP declined by an estimated 24 percent in real terms, and oil production experienced a downturn for the first time, in part as a result of the destruction of a major onshore oil facility. Export earnings from crude oil were also hit by the decline in world oil prices. Nevertheless, the economy became increasingly dependent on oil.
Other form:Print version: Angola, recent economic developments. Washington, D.C. : International Monetary Fund, ©1995