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623 | ANGOLA | 614 | SBA | 2009-11-23 | 2,009 | 2012-02-22 | 2,012 | 2012-03-30 | N/A | N/A | 2012-03-28 | P1 | R6 | L | SB | 21.2 | 2.2. Central bank auditing, transparency, and financial controls | Complete the 2010 audit of the BNA's financial statements. | 3 | 06/30/2011 | M | Introduced at R4. | 6 | 3 | 2011-06-30 | N/A | N/A | N/A | N/A |
623 | ANGOLA | 614 | SBA | 2009-11-23 | 2,009 | 2012-02-22 | 2,012 | 2012-03-30 | N/A | N/A | 2012-03-28 | P1 | R6 | L | SB | 24 | 5. Public enterprise reform and pricing (non financial sector) | Submit for consideration to the National Assembly the new Public Enterprise Law. | 1 | 03/31/2011 | M | Introduced at R4. | 6 | 1 | 2011-03-31 | N/A | N/A | N/A | N/A |
623 | ANGOLA | 614 | SBA | 2009-11-23 | 2,009 | 2012-02-22 | 2,012 | 2012-03-30 | N/A | N/A | 2012-03-28 | P1 | R6 | L | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | Amend provisioning regulation to reflect the credit risk of foreign currency loans | 1 | 03/30/2010 | M | Introduced at R0. Objective: reduce financial sector vulnerability. | 6 | 1 | 2010-03-30 | N/A | N/A | N/A | N/A |
623 | ANGOLA | 614 | SBA | 2009-11-23 | 2,009 | 2012-02-22 | 2,012 | 2012-03-30 | N/A | N/A | 2012-03-28 | P1 | R6 | L | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | Development of an off-site supervisory tools to monitor banks" credit exposures by currency and maturities | 2 | 03/31/2010 | M | Introduced at R0. Objective: reduce financial sector vulnerability. | 6 | 2 | 2010-03-31 | N/A | N/A | N/A | N/A |
623 | ANGOLA | 614 | SBA | 2009-11-23 | 2,009 | 2012-02-22 | 2,012 | 2012-03-30 | N/A | N/A | 2012-03-28 | P1 | R6 | L | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | Amend the regulation on capital adequacy to reflect the credit risk of foreign currency loans. | 3 | 03/31/2011 | MD | Introduced at R4. At R5, Met with delay due to the need to allow for additional consultation with market participants. | 6 | 3 | 2011-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2018-12-07 | P1 | R0 | E | PA | 20.5 | 1.5. Debt Management | Provide data on guarantees extended by the Ministry of Finance as of October 31, 2018, broken down by currency | 1 | Program Prior Action | M | Objectives: Better assess risks to debt sustainability. | 0 | 1 | 2023-09-23 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2018-12-07 | P1 | R0 | E | PA | 20.5 | 1.5. Debt Management | Provide clarification on the terms of the Central Government's escrow accounts and detailed information on possible collateralized debt of Sonangol (e.g., amounts, nature of collateral, contract terms) | 2 | Program Prior Action | M | Objectives: Better assess risks to debt sustainability. | 0 | 2 | 2023-09-23 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2018-12-07 | P1 | R0 | E | PA | 20.5 | 1.5. Debt Management | Publish a decree calling guarantors and creditors to inform the Government by January 31, 2019, of the existence of a public guarantee on external or domestic debt | 3 | Program Prior Action | M | Objectives: Better assess risks to debt sustainability and increase transparency of public debt statistics. | 0 | 3 | 2023-09-23 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2018-12-07 | P1 | R0 | E | SB | 20.2 | 1.2. Revenue administration, including customs | Begin collecting VAT from large taxpayers, as defined in the Presidential Decree No. 147/13, of October 1 | 1 | 07/01/2019 | SB | Objectives: Broaden the tax base and strengthen non-oil revenue. | 0 | 1 | 2019-07-01 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2018-12-07 | P1 | R0 | E | SB | 20.5 | 1.5. Debt Management | Start yearly publication of a Debt Management Strategy and Annual Borrowing Plan, in line with World Bank and IMF TA advice, which includes the creation of benchmark securities; the reduction in auction frequency; and an increased share of domestic financing through competitive auctions | 1 | 03/31/2019 | SB | Objectives: Develop the primary debt market and improve transparency of public debt management and operations. | 0 | 1 | 2019-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2018-12-07 | P1 | R0 | E | SB | 20.6 | 1.6. Expenditure auditing, accounting, and financial controls | Complete the verification and settlement of at least 50 percent of verified domestic payments arrears accumulated by the Central Government up to end-2017 and not recorded in SIGFE, as well all as arrears recorded in SIGFE | 1 | 12/31/2019 | SB | Objectives: Normalize relations with domestic suppliers and reduce the domestic debt burden. | 0 | 1 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2018-12-07 | P1 | R0 | E | SB | 20.7 | 1.7. Fiscal transparency (publication, parliamentary oversight) | Submit to the National Assembly PFM legislation in consultation with IMF staff | 1 | 12/31/2019 | SB | Objectives: Strengthen fiscal policy design and implementation. | 0 | 1 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2018-12-07 | P1 | R0 | E | SB | 24.2 | 5.2. Privatization, public enterprise reform and restructuring, other than pricing | Public offering of the first set of Sonangol's non-core assets | 1 | 09/30/2019 | SB | Objectives: Minimize fiscal risks arising from state-owned enterprises. | 0 | 1 | 2019-09-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2018-12-07 | P1 | R0 | E | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | Submit a revised AML/CFT Law and other related and regulatory amendments to the National Assembly, in line with FATF standards, particularly with respect to politically exposed persons, and as per IMF staff advice | 1 | 03/31/2019 | SB | Objectives: Strengthen the AML/CFT framework. | 0 | 1 | 2019-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2018-12-07 | P1 | R0 | E | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | Amend the Financial Institutions Law and make corresponding changes to the BNA Law, in line with IMF staff advice, to ensure that the authorities have an effective recovery, planning, enhanced corrective actions, and resolution framework for the weak banks | 2 | 06/30/2019 | SB | Objectives: Minimize risks to financial stability. | 0 | 2 | 2019-06-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2018-12-07 | P1 | R0 | E | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | Complete an Asset Quality Review (AQR) for the eight largest banks conducted by external experts in collaboration with the BNA | 3 | 09/30/2019 | SB | Objectives: Foster banking sector stability. | 0 | 3 | 2019-09-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2018-12-07 | P1 | R0 | E | SB | 25.2 | 6.2. Restructuring and privatization of financial institutions | Ensure proper governance arrangements and operational procedures (including asset valuation and workout) are implemented at Recredit to maximize recoveries and minimize fiscal costs | 1 | 03/31/2019 | SB | Objectives: Minimize risks arising from potential fiscal liabilities and avoid providing subsidies to bank shareholders and creditors. | 0 | 1 | 2019-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2018-12-07 | P1 | R0 | E | SB | 26 | 7. Exchange systems and restrictions (current and capital) | Eliminate the backlog of foreign exchange demand | 1 | 12/31/2018 | SB | Objectives: Develop a well-functioning foreign exchange market and reduce the official-parallel exchange rate spread. | 0 | 1 | 2018-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2018-12-07 | P1 | R0 | E | SB | 26 | 7. Exchange systems and restrictions (current and capital) | Eliminate the informal restrictions on foreign exchange deposits withdrawals | 2 | 12/31/2019 | SB | Objectives: Minimize risks to financial stability | 0 | 2 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | PA | 20.5 | 1.5. Debt Management | Provide data on guarantees extended by the Ministry of Finance as of October 31, 2018, broken down by currency | 1 | Program Prior Action | M | Objectives: Better assess risks to debt sustainability. | 1 | 1 | 2023-09-23 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | PA | 20.5 | 1.5. Debt Management | Provide clarification on the terms of the Central Government's escrow accounts and detailed information on possible collateralized debt of Sonangol (e.g., amounts, nature of collateral, contract terms) | 2 | Program Prior Action | M | Objectives: Better assess risks to debt sustainability. | 1 | 2 | 2023-09-23 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | PA | 20.5 | 1.5. Debt Management | Publish a decree calling guarantors and creditors to inform the Government by January 31, 2019, of the existence of a public guarantee on external or domestic debt | 3 | Program Prior Action | M | Objectives: Better assess risks to debt sustainability and increase transparency of public debt statistics. | 1 | 3 | 2023-09-23 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | PA | 20.8 | 1.8. Budget preparation (e.g., submission or approval) | Enact a supplementary budget for 2019 in line with program understandings. | 1 | First Review Prior action | M | Objectives: Implement the required fiscal adjustment that is envisaged for 2019. | 1 | 1 | 2023-09-23 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 20.2 | 1.2. Revenue administration, including customs | Begin collecting VAT from large taxpayers, as defined in the Presidential Decree No. 147/13, of October 1 | 1 | 07/01/2019 | SB | Objectives: Broaden the tax base and strengthen non-oil revenue. | 1 | 1 | 2019-07-01 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 20.3 | 1.3. Expenditure measures, including arrears clearance | Start the identification and monitoring of the residency of all new supplier contracts in SIGFE. | 1 | 09/30/2019 | SB | Objectives: Improve recording and monitoring of payments arrears. | 1 | 1 | 2019-09-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 20.5 | 1.5. Debt Management | Start yearly publication of a Debt Management Strategy and Annual Borrowing Plan, in line with World Bank and IMF TA advice, which includes the creation of benchmark securities; the reduction in auction frequency; and an increased share of domestic financing through competitive auctions | 1 | 03/31/2019 | M | Objectives: Develop the primary debt market and improve transparency of public debt management and operations. | 1 | 1 | 2019-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 20.6 | 1.6. Expenditure auditing, accounting, and financial controls | Complete the verification and settlement of at least 50 percent of verified domestic payments arrears accumulated by the Central Government up to end-2017 and not recorded in SIGFE, as well all as arrears recorded in SIGFE | 1 | 12/31/2019 | SB | Objectives: Normalize relations with domestic suppliers and reduce the domestic debt burden. | 1 | 1 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 20.7 | 1.7. Fiscal transparency (publication, parliamentary oversight) | Submit to the National Assembly PFM legislation in consultation with IMF staff | 1 | 12/31/2019 | SB | Objectives: Strengthen fiscal policy design and implementation. | 1 | 1 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 21.1 | 2.1. Central bank operations and reforms | Submit an amendment to the BNA Law to the National Assembly to define, inter alia, a precise mandate with a focus on price stability; limit monetary financing of the Government; increase operational autonomy; strengthen oversight over executive management; and improve governance, in line with IMF recommendations. | 1 | 12/31/2019 | SB | Objectives: Support institutional reform to strengthen the monetary policy framework. | 1 | 1 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 24.2 | 5.2. Privatization, public enterprise reform and restructuring, other than pricing | Public offering of the first set of Sonangol's non-core assets | 1 | 09/30/2019 | SB | Objectives: Minimize fiscal risks arising from state-owned enterprises. | 1 | 1 | 2019-09-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | Submit a revised AML/CFT Law and other related and regulatory amendments to the National Assembly, in line with FATF standards, particularly with respect to politically exposed persons, and as per IMF staff advice | 1 | 03/31/2019 | NM | Objectives: Strengthen the AML/CFT framework. | 1 | 1 | 2019-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | Amend the Financial Institutions Law and make corresponding changes to the BNA Law, in line with IMF staff advice, to ensure that the authorities have an effective recovery, planning, enhanced corrective actions, and resolution framework for the weak banks | 2 | 06/30/2019 | MOD-DATE | Objectives: Minimize risks to financial stability. New test date: 12/31/2019 | 1 | 2 | 2019-06-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | Amend the Financial Institutions Law and make corresponding changes to the BNA Law, in line with IMF staff advice, to ensure that the authorities have an effective recovery, planning, enhanced corrective actions, and resolution framework for the weak banks | 2 | 12/31/2019 | SB | Objectives: Minimize risks to financial stability. | 1 | 2 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | Complete an Asset Quality Review (AQR) for the eight largest banks conducted by external experts in collaboration with the BNA | 3 | 09/30/2019 | MOD-SB | Objectives: Foster banking sector stability. | 1 | 3 | 2019-09-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | Complete Asset Quality Reviews for the 12 largest banks conducted by external experts in collaboration with the BNA. | 4 | 12/31/2019 | SB | Objectives: Foster banking sector stability. | 1 | 4 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 25.2 | 6.2. Restructuring and privatization of financial institutions | Ensure proper governance arrangements and operational procedures (including asset valuation and workout) are implemented at Recredit to maximize recoveries and minimize fiscal costs | 1 | 03/31/2019 | MOD-DATE | Objectives: Minimize risks arising from potential fiscal liabilities and avoid providing subsidies to bank shareholders and creditors. | 1 | 1 | 2019-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 25.2 | 6.2. Restructuring and privatization of financial institutions | Ensure proper governance arrangements and operational procedures (including asset valuation and workout) are implemented at Recredit to maximize recoveries and minimize fiscal costs | 1 | 06/30/2019 | SB | Objectives: Minimize risks arising from potential fiscal liabilities and avoid providing subsidies to bank shareholders and creditors. | 1 | 1 | 2019-06-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 25.2 | 6.2. Restructuring and privatization of financial institutions | Finalize a strategic plan for BPC laying out the long-term role of the bank in the economy, and how its operations will be restructured. | 2 | 06/30/2019 | SB | Objectives: Minimize risks to financial stability. | 1 | 2 | 2019-06-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 26 | 7. Exchange systems and restrictions (current and capital) | Eliminate the backlog of foreign exchange demand | 1 | 12/31/2018 | NM | Objectives: Develop a well-functioning foreign exchange market and reduce the official-parallel exchange rate spread. | 1 | 1 | 2018-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 26 | 7. Exchange systems and restrictions (current and capital) | Eliminate the informal restrictions on foreign exchange deposits withdrawals | 2 | 12/31/2019 | SB | Objectives: Minimize risks to financial stability | 1 | 2 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 26 | 7. Exchange systems and restrictions (current and capital) | Amend the Presidential Legislative Decree No. 3/14, of October 21, 2014, to remove the stamp tax on foreign exchange operations that gives rise to an exchange rate restriction and a multiple currency practice. | 3 | 03/30/2020 | SB | Objectives: Develop a well-functioning foreign exchange market. | 1 | 3 | 2020-03-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 30.4 | 11.4. Anti-corruption legislation/policy | Publish the audited annual reports for 2018 of the 15 largest SOEs at least on IGAPE’s webpage (by total assets). | 1 | 09/30/2019 | SB | Objectives: Improve SOE transparency and accountability, better control contingent liability risks, and reduce opportunities for corruption. | 1 | 1 | 2019-09-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-06-12 | P1 | R1 | BLANK | SB | 30.4 | 11.4. Anti-corruption legislation/policy | Enact a revised AML/CFT Law and other related legal and regulatory amendments, in line with FATF standards. | 2 | 09/30/2019 | SB | Objectives: Strengthen the AML/CFT framework. | 1 | 2 | 2019-09-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | PA | 20.5 | 1.5. Debt Management | Provide data on guarantees extended by the Ministry of Finance as of October 31, 2018, broken down by currency | 1 | Program Prior Action | M | Objectives: Better assess risks to debt sustainability. | 2 | 1 | 2023-09-23 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | PA | 20.5 | 1.5. Debt Management | Provide clarification on the terms of the Central Government's escrow accounts and detailed information on possible collateralized debt of Sonangol (e.g., amounts, nature of collateral, contract terms) | 2 | Program Prior Action | M | Objectives: Better assess risks to debt sustainability. | 2 | 2 | 2023-09-23 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | PA | 20.5 | 1.5. Debt Management | Publish a decree calling guarantors and creditors to inform the Government by January 31, 2019, of the existence of a public guarantee on external or domestic debt | 3 | Program Prior Action | M | Objectives: Better assess risks to debt sustainability and increase transparency of public debt statistics. | 2 | 3 | 2023-09-23 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | PA | 20.8 | 1.8. Budget preparation (e.g., submission or approval) | Enact a supplementary budget for 2019 in line with program understandings. | 1 | First Review Prior action | M | Objectives: Implement the required fiscal adjustment that is envisaged for 2019. | 2 | 1 | 2023-09-23 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 20.2 | 1.2. Revenue administration, including customs | Begin collecting VAT from large taxpayers, as defined in the Presidential Decree No. 147/13, of October 1 | 1 | 07/01/2019 | MD | Objectives: Broaden the tax base and strengthen non-oil revenue. | 2 | 1 | 2019-07-01 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 20.2 | 1.2. Revenue administration, including customs | Submit a package of measures to the National Assembly to mobilize non-oil revenue, mainly through personal income tax and property tax reforms, in line with IMF staff recommendations. | 4 | 12/31/2019 | SB | Objectives: Strengthen the non-oil tax base. | 2 | 4 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 20.3 | 1.3. Expenditure measures, including arrears clearance | Start the identification and monitoring of the residency of all new supplier contracts in SIGFE. | 1 | 09/30/2019 | M | Objectives: Improve recording and monitoring of payments arrears. | 2 | 1 | 2019-09-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 20.5 | 1.5. Debt Management | Start yearly publication of a Debt Management Strategy and Annual Borrowing Plan, in line with World Bank and IMF TA advice, which includes the creation of benchmark securities; the reduction in auction frequency; and an increased share of domestic financing through competitive auctions | 1 | 03/31/2019 | M | Objectives: Develop the primary debt market and improve transparency of public debt management and operations. | 2 | 1 | 2019-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 20.5 | 1.5. Debt Management | Start yearly publication of a Debt Management Strategy and Annual Borrowing Plan, in line with World Bank and IMF TA advice, which includes the creation of benchmark securities; the reduction in auction frequency; and an increased share of domestic financing through competitive auctions. | 2 | 03/31/2019 | M | Objectives: Develop the primary debt market and improve transparency of public debt management and operations. | 2 | 2 | 2019-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 20.6 | 1.6. Expenditure auditing, accounting, and financial controls | Complete the verification and settlement of at least 50 percent of verified domestic payments arrears accumulated by the Central Government up to end-2017 and not recorded in SIGFE, as well all as arrears recorded in SIGFE | 1 | 12/31/2019 | MOD-SB | At R2, the content of the condition is modified to become a new SB. | 2 | 1 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 20.6 | 1.6. Expenditure auditing, accounting, and financial controls | Complete verification and settlement of at least 50 percent of verified payment arrears acumulated by the Central Government up to end-2017 and not recorded in SIGFE, as well as all arrears recorded in SIGFE. | 2 | 12/31/2019 | MOD-DATE | Introduced at R2, the original content of the condition is "Complete the verification and settlement of at least 50 percent of verified domestic payments arrears accumulated by the Central Government up to end-2017 and not recorded in SIGFE, as well as all arrears recorded in SIGFE" | 2 | 2 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 20.6 | 1.6. Expenditure auditing, accounting, and financial controls | Complete verification and settlement of at least 50 percent of verified payment arrears acumulated by the Central Government up to end-2017 and not recorded in SIGFE, as well as all arrears recorded in SIGFE. | 2 | 03/31/2020 | SB | At R2, the content of the condition is modified to become a new SB. | 2 | 2 | 2020-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 20.7 | 1.7. Fiscal transparency (publication, parliamentary oversight) | Submit to the National Assembly PFM legislation in consultation with IMF staff | 1 | 12/31/2019 | MOD-SB | At R2, the content of the condition is modified to become a new SB. | 2 | 1 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 20.7 | 1.7. Fiscal transparency (publication, parliamentary oversight) | Complete the verification and settlement of all payments arrears accumulated by the Central Government in 2018 and recorded in SIGFE | 2 | 06/30/2020 | SB | Objectives: Normalize relations with suppliers and reduce the debt burden. | 2 | 2 | 2020-06-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 20.7 | 1.7. Fiscal transparency (publication, parliamentary oversight) | Award, through open tenders, at least 45 percent of the public contracts related to expenditure on public investment projects, which are not financed by external projects loans and whose value exceeds the minimum threshold legally required for open tenders, i.e., Kz 182 million (Law of Public Contracts, No. 9/16). | 3 | 12/31/2020 | SB | Objectives: Increase transparency and competition in public procurement. | 2 | 3 | 2020-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 20.7 | 1.7. Fiscal transparency (publication, parliamentary oversight) | Submit PFM legislation to the National Assembly, in line with IMF staff advice | 4 | 12/31/2019 | MOD-DATE | Introduced at R2, the original content of the condition is "Submit to the National Assembly PFM legislation in consulation with IMF staff advice" | 2 | 4 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 20.7 | 1.7. Fiscal transparency (publication, parliamentary oversight) | Submit PFM legislation to the National Assembly, in line with IMF staff advice | 4 | 03/31/2020 | SB | At R2 the condition was reset with a new test date. | 2 | 4 | 2020-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 21.1 | 2.1. Central bank operations and reforms | Submit an amendment to the BNA Law to the National Assembly to define, inter alia, a precise mandate with a focus on price stability; limit monetary financing of the Government; increase operational autonomy; strengthen oversight over executive management; and improve governance, in line with IMF recommendations. | 1 | 12/31/2019 | MOD-DATE | Objectives: Support institutional reform to strengthen the monetary policy framework. | 2 | 1 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 21.1 | 2.1. Central bank operations and reforms | Submit an amendment to the BNA Law to the National Assembly to define, inter alia, a precise mandate with a focus on price stability; limit monetary financing of the Government; increase operational autonomy; strengthen oversight over executive management; and improve governance, in line with IMF recommendations. | 1 | 03/31/2020 | SB | At R2 the condition was reset with a new test date. | 2 | 1 | 2020-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 24.2 | 5.2. Privatization, public enterprise reform and restructuring, other than pricing | Public offering of the first set of Sonangol's non-core assets | 1 | 09/30/2019 | M | Objectives: Minimize fiscal risks arising from state-owned enterprises. | 2 | 1 | 2019-09-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | Submit a revised AML/CFT Law and other related and regulatory amendments to the National Assembly, in line with FATF standards, particularly with respect to politically exposed persons, and as per IMF staff advice | 1 | 03/31/2019 | MOD-SB | At R2, the content of the condition is modified to become a new SB. | 2 | 1 | 2019-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | Amend the Financial Institutions Law and make corresponding changes to the BNA Law, in line with IMF staff advice, to ensure that the authorities have an effective recovery, planning, enhanced corrective actions, and resolution framework for the weak banks | 2 | 06/30/2019 | MOD-DATE | Objectives: Minimize risks to financial stability. New test date: 12/31/2019 | 2 | 2 | 2019-06-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | Amend the Financial Institutions Law and make corresponding changes to the BNA Law, in line with IMF staff advice, to ensure that the authorities have an effective recovery, planning, enhanced corrective actions, and resolution framework for the weak banks | 2 | 12/31/2019 | MOD-DATE | Objectives: Minimize risks to financial stability. | 2 | 2 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | Complete an Asset Quality Review (AQR) for the eight largest banks conducted by external experts in collaboration with the BNA | 3 | 09/30/2019 | MOD-SB | Objectives: Foster banking sector stability. | 2 | 3 | 2019-09-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | Complete Asset Quality Reviews for the 12 largest banks conducted by external experts in collaboration with the BNA. | 4 | 12/31/2019 | SB | Objectives: Foster banking sector stability. | 2 | 4 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | Finalize a strategy for the State’s future involvement in the banking sector. | 5 | 02/29/2020 | SB | Objectives: Foster banking sector stability. | 2 | 5 | 2020-02-29 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | BNA formally communicate the capital impact of the Asset Quality Reviews undertaken by external experts to the 12 participating banks. | 6 | 06/30/2020 | SB | Objectives: Foster banking sector stability. | 2 | 6 | 2020-06-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 25.1 | 6.1. Financial sector legal reforms, regulation, and supervision | Complete the banking sector recapitalization process, by requiring banks to return to compliance with regulatory capital rules | 7 | 06/30/2020 | SB | Objectives: Minimize risks to financial stability | 2 | 7 | 2020-06-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 25.2 | 6.2. Restructuring and privatization of financial institutions | Ensure proper governance arrangements and operational procedures (including asset valuation and workout) are implemented at Recredit to maximize recoveries and minimize fiscal costs | 1 | 03/31/2019 | MOD-DATE | Objectives: Minimize risks arising from potential fiscal liabilities and avoid providing subsidies to bank shareholders and creditors. | 2 | 1 | 2019-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 25.2 | 6.2. Restructuring and privatization of financial institutions | Ensure proper governance arrangements and operational procedures (including asset valuation and workout) are implemented at Recredit to maximize recoveries and minimize fiscal costs | 1 | 06/30/2019 | MOD-DATE | Objectives: Minimize risks arising from potential fiscal liabilities and avoid providing subsidies to bank shareholders and creditors. | 2 | 1 | 2019-06-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 25.2 | 6.2. Restructuring and privatization of financial institutions | Ensure proper governance arrangements and operational procedures (including asset valuation and workout) are implemented at Recredit to maximize recoveries and minimize fiscal costs | 1 | 01/31/2020 | SB | At R2, the condition is reset with a new test date | 2 | 1 | 2020-01-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 25.2 | 6.2. Restructuring and privatization of financial institutions | Ensure proper governance arrangements and operational procedures (including asset valuation and workout) are implemented at Recredit to maximize recoveries and minimize fiscal costs | 1 | 07/31/2020 | SB | At R2, the condition is reset with a new test date | 2 | 1 | 2020-07-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 25.2 | 6.2. Restructuring and privatization of financial institutions | Finalize a strategic plan for BPC laying out the long-term role of the bank in the economy, and how its operations will be restructured. | 2 | 06/30/2019 | M | Objectives: Minimize risks to financial stability. | 2 | 2 | 2019-06-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 25.2 | 6.2. Restructuring and privatization of financial institutions | Adopt amendments to the Financial Institutions Law, in line with IMF staff advice, to ensure that the authorities have an effective recovery planning, enhanced corrective actions, and resolution framework for weak banks. | 3 | 12/31/2019 | MOD-DATE | Objectives: Minimize risks to financial stability and strengthen BNA’s governance and autonomy. | 2 | 3 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 25.2 | 6.2. Restructuring and privatization of financial institutions | Adopt amendments to the Financial Institutions Law, in line with IMF staff advice, to ensure that the authorities have an effective recovery planning, enhanced corrective actions, and resolution framework for weak banks. | 3 | 03/31/2020 | SB | At R2 the condition was reset with a new test date. | 2 | 3 | 2020-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 26 | 7. Exchange systems and restrictions (current and capital) | Eliminate the backlog of foreign exchange demand | 1 | 12/31/2018 | MD | Objectives: Develop a well-functioning foreign exchange market and reduce the official-parallel exchange rate spread. | 2 | 1 | 2018-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 26 | 7. Exchange systems and restrictions (current and capital) | Eliminate the informal restrictions on foreign exchange deposits withdrawals | 2 | 12/31/2019 | SB | Objectives: Minimize risks to financial stability | 2 | 2 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 26 | 7. Exchange systems and restrictions (current and capital) | Amend the Presidential Legislative Decree No. 3/14, of October 21, 2014, to remove the stamp tax on foreign exchange operations that gives rise to an exchange rate restriction and a multiple currency practice. | 3 | 03/30/2020 | SB | Objectives: Develop a well-functioning foreign exchange market. | 2 | 3 | 2020-03-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 30.4 | 11.4. Anti-corruption legislation/policy | Publish the audited annual reports for 2018 of the 15 largest SOEs at least on IGAPE’s webpage (by total assets). | 1 | 09/30/2019 | M | Objectives: Improve SOE transparency and accountability, better control contingent liability risks, and reduce opportunities for corruption. | 2 | 1 | 2019-09-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 30.4 | 11.4. Anti-corruption legislation/policy | Enact a revised AML/CFT Law and other related legal and regulatory amendments, in line with FATF standards. | 2 | 09/30/2019 | MOD-DATE | Objectives: Strengthen the AML/CFT framework. | 2 | 2 | 2019-09-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 30.4 | 11.4. Anti-corruption legislation/policy | Enact a revised AML/CFT Law and other related legal and regulatory amendments, in line with FATF standards. | 2 | 03/31/2020 | SB | At R2, the content of the condition is modified to become a new SB. | 2 | 2 | 2020-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 30.4 | 11.4. Anti-corruption legislation/policy | Submit a revised AML/CFT Law and other related legal and regulatory amendments to the National Assembly, in line with FATF standards, particularly with respect to politically exposed persons, and as per IMF staff advice | 3 | 03/31/2019 | MD | Introduced at R2, the original content of the condition is "Submit a revised AML/CFT Law and other related regulatory amendments to the National Assembly, in line with FATF standards, particularly with respect to politically exposed persons, and as per IMF staff advice" | 2 | 3 | 2019-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2019-12-05 | P1 | R2 | BLANK | SB | 30.4 | 11.4. Anti-corruption legislation/policy | Promulgate a revised AML/CFT Law and other related legal and regulatory amendments, in line with FATF standards | 4 | 09/30/2019 | MOD-DATE | Objectives: Strengthen the AML/CFT framework. | 2 | 4 | 2019-09-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2020-09-16 | P1 | R3 | BLANK | PA | 20.5 | 1.5. Debt Management | Provide data on guarantees extended by the Ministry of Finance as of October 31, 2018, broken down by currency | 1 | Program Prior Action | M | Objectives: Better assess risks to debt sustainability. | 3 | 1 | 2023-09-23 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2020-09-16 | P1 | R3 | BLANK | PA | 20.5 | 1.5. Debt Management | Provide clarification on the terms of the Central Government's escrow accounts and detailed information on possible collateralized debt of Sonangol (e.g., amounts, nature of collateral, contract terms) | 2 | Program Prior Action | M | Objectives: Better assess risks to debt sustainability. | 3 | 2 | 2023-09-23 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2020-09-16 | P1 | R3 | BLANK | PA | 20.5 | 1.5. Debt Management | Publish a decree calling guarantors and creditors to inform the Government by January 31, 2019, of the existence of a public guarantee on external or domestic debt | 3 | Program Prior Action | M | Objectives: Better assess risks to debt sustainability and increase transparency of public debt statistics. | 3 | 3 | 2023-09-23 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2020-09-16 | P1 | R3 | BLANK | PA | 20.8 | 1.8. Budget preparation (e.g., submission or approval) | Enact a supplementary budget for 2019 in line with program understandings. | 1 | First Review Prior action | M | Objectives: Implement the required fiscal adjustment that is envisaged for 2019. | 3 | 1 | 2023-09-23 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2020-09-16 | P1 | R3 | BLANK | SB | 20.2 | 1.2. Revenue administration, including customs | Begin collecting VAT from large taxpayers, as defined in the Presidential Decree No. 147/13, of October 1 | 1 | 07/01/2019 | MD | Objectives: Broaden the tax base and strengthen non-oil revenue. | 3 | 1 | 2019-07-01 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2020-09-16 | P1 | R3 | BLANK | SB | 20.2 | 1.2. Revenue administration, including customs | Submit a package of measures to the National Assembly to mobilize non-oil revenue, mainly through personal income tax and property tax reforms, in line with IMF staff recommendations. | 4 | 12/31/2019 | M | Objectives: Strengthen the non-oil tax base. | 3 | 4 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2020-09-16 | P1 | R3 | BLANK | SB | 20.3 | 1.3. Expenditure measures, including arrears clearance | Start the identification and monitoring of the residency of all new supplier contracts in SIGFE. | 1 | 09/30/2019 | M | Objectives: Improve recording and monitoring of payments arrears. | 3 | 1 | 2019-09-30 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2020-09-16 | P1 | R3 | BLANK | SB | 20.5 | 1.5. Debt Management | Start yearly publication of a Debt Management Strategy and Annual Borrowing Plan, in line with World Bank and IMF TA advice, which includes the creation of benchmark securities; the reduction in auction frequency; and an increased share of domestic financing through competitive auctions | 1 | 03/31/2019 | M | Objectives: Develop the primary debt market and improve transparency of public debt management and operations. | 3 | 1 | 2019-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2020-09-16 | P1 | R3 | BLANK | SB | 20.5 | 1.5. Debt Management | Start yearly publication of a Debt Management Strategy and Annual Borrowing Plan, in line with World Bank and IMF TA advice, which includes the creation of benchmark securities; the reduction in auction frequency; and an increased share of domestic financing through competitive auctions. | 2 | 03/31/2019 | M | Objectives: Develop the primary debt market and improve transparency of public debt management and operations. | 3 | 2 | 2019-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2020-09-16 | P1 | R3 | BLANK | SB | 20.6 | 1.6. Expenditure auditing, accounting, and financial controls | Complete the verification and settlement of at least 50 percent of verified domestic payments arrears accumulated by the Central Government up to end-2017 and not recorded in SIGFE, as well all as arrears recorded in SIGFE | 1 | 12/31/2019 | MOD-SB | At R2, the content of the condition is modified to become a new SB. | 3 | 1 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2020-09-16 | P1 | R3 | BLANK | SB | 20.6 | 1.6. Expenditure auditing, accounting, and financial controls | Complete verification and settlement of at least 50 percent of verified payment arrears acumulated by the Central Government up to end-2017 and not recorded in SIGFE, as well as all arrears recorded in SIGFE. | 2 | 12/31/2019 | MOD-DATE | Introduced at R2, the original content of the condition is "Complete the verification and settlement of at least 50 percent of verified domestic payments arrears accumulated by the Central Government up to end-2017 and not recorded in SIGFE, as well as all arrears recorded in SIGFE" | 3 | 2 | 2019-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2020-09-16 | P1 | R3 | BLANK | SB | 20.6 | 1.6. Expenditure auditing, accounting, and financial controls | Complete verification and settlement of at least 50 percent of verified payment arrears acumulated by the Central Government up to end-2017 and not recorded in SIGFE, as well as all arrears recorded in SIGFE. | 2 | 03/31/2020 | M | At R2, the content of the condition is modified to become a new SB. | 3 | 2 | 2020-03-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2020-09-16 | P1 | R3 | BLANK | SB | 20.6 | 1.6. Expenditure auditing, accounting, and financial controls | Submit a revised State Owned Enterprises (SOE) Law to the National Assembly, which enhances internal and external audit functions. | 3 | 12/31/2020 | SB | Objective: Strengthen enterprises internal control and improve business environment. | 3 | 3 | 2020-12-31 | N/A | N/A | N/A | N/A |
774 | ANGOLA | 614 | EFF | 2018-12-07 | 2,018 | 2021-12-06 | 2,021 | N/A | N/A | N/A | 2020-09-16 | P1 | R3 | BLANK | SB | 20.7 | 1.7. Fiscal transparency (publication, parliamentary oversight) | Submit to the National Assembly PFM legislation in consultation with IMF staff | 1 | 12/31/2019 | MOD-SB | At R2, the content of the condition is modified to become a new SB. | 3 | 1 | 2019-12-31 | N/A | N/A | N/A | N/A |
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