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Yet another economic reform programme is riding on the oil boom

Is President José Eduardo dos Santos' government, slopping around in oil revenues, serious about economic reform at last? Luanda officials claim it is, pointing to Dos Santos' appointment of Julio Bessa, a technocrat, as Finance Minister on 9 October, and to encouraging noises from the International Monetary Fund. Luanda signed a monitoring agreement with the IMF in April, and hopes to agree terms for a low-interest loan from the Fund early next year. This, optimists contend, would trigger a slew of World Bank loans for the social sector - along with some relief on the US$9.6 billion foreign debt....

(This article contains approximately 1031 words)

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Keywords:

José Eduardo dos Santos, Julio Bessa, António Henriques da Silva, Joaquim David, Albina Faria de Assis Pereira Africano, Luis Nascimento, Jonas Savimbi, Democratic Republic of Congo, Doing the Futungo shuffle, Aguinaldo Jaime, Sabino Ferraz, Teodoro Lima da Paixão Franco Junior, Carlos José Manuel, António Lourenço, José João Maua, Carlos Teixeira, Victor Lima, Japan, Carlos Alberto da Fonseca, Carlos Maria da Silva Feijo, José Alberto Puna Zau, Saneamento Econômico e Financeiro, Banco Nacional de Angola, Futungo de Belas, Frente para a Democracia, União Nacional para a Independência Total de Angola