New PDF release: Angola: Oil, Broad-based Growth, and Equity

By World Bank

ISBN-10: 0821371029

ISBN-13: 9780821371022

ISBN-10: 0821371037

ISBN-13: 9780821371039

As soon as one of many world's greatest staple nutrition manufacturers, Angola is referred to now as an incredible oil exporter - the second one biggest manufacturer in sub-Saharan Africa. Angola can be the world's fourth greatest manufacturer of tough diamonds when it comes to price, with the capability to turn into one of many major international diamond manufacturers. as well as oil and diamonds, the rustic is definitely endowed with agricultural assets which stay commonly untapped. in spite of the fact that, regardless of the country's major common wealth, a protracted civil warfare, the fast improvement of the oil zone, and the regulations pursued after Independence in 1975 have left the Angolan economic climate in a different state of affairs, characterised by way of very asymmetric symptoms of improvement. The Angolan economic system is now experiencing huge oil providence profits which are anticipated to final through the subsequent decade. due to the fact oil rents are to a wide half focused within the public area, the query of ways the oil profit can be spent and dispensed throughout current and destiny generations turns into key to any financial improvement method. This examine identifies six center parts the place a strategic process for the improvement of a broad-based development procedure is needed: (i) the unfinished transition to a industry economic system; (ii) macroeconomic administration; (iii) governance and transparency within the administration of the mineral wealth; (iv) the enterprise atmosphere; (v) agriculture; and (vi) public provider supply to the negative.

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Additional resources for Angola: Oil, Broad-based Growth, and Equity

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Endiama is by law the largest shareholder in all new diamond ventures and also has regulatory functions over the selection of companies that are to be granted new diamond mineral rights, the negotiation of mining contracts, and the monitoring and control of activities of diamond ventures. The company is, therefore, both an operator and a regulator in the diamond industry. There is, thus, a need for institutional reforms in the oil and diamond sectors. In the oil sector, the role of Sonangol should be reassessed with a view to eliminate the conflict of interest and improve the quality and effectiveness of public finance management in Angola.

Compilar e publicar textos e procedimentos legais e bem assim o manual de tributação relativo ao enquadramento fiscal/legal do sector petrolífero. Promulgar legislação transparente e estável no âmbito de uma nova lei para o sector dos diamantes. Encomendar a actualização do Estudo de Diagnóstico dos Diamantes de 2003. Rever e regularizar os direitos minerais existentes (exploração e mineração). Produzir melhores informações geológicas e disseminá-las Liberalizar a venda de diamantes; identificar e avaliar opções para a comercialização de diamantes no mercado livre; fazer testes piloto de opções seleccionadas para a transacção de diamantes num mercado livre.

Levar os Serviços Sociais até aos Pobres Pode ser muito útil a existência de mecanismos de consulta aos pobres sobre como e onde se afectarem os fundos públicos. A experiência de Angola com o FAS é um exemplo excelente deste modo de funcionamento. Deveriam adoptar-se mecanismos de consulta automática aos pobres sobre a tomada de decisões relativa ao investimento público, para além dos canais de responsabilização com vista a assegurar o controlo da qualidade e a participação da sociedade civil. Sumário Executivo xxix Utilização das Poupanças Fiscais para se Melhorar a Prestação de Serviços Os subsídios aos preços do petróleo e dos serviços de utilidade pública deveriam ser progressivamente eliminados e as poupanças reorientadas com vista a melhorar a qualidade dos serviços públicos e a compensar os pobres.

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Angola: Oil, Broad-based Growth, and Equity by World Bank

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