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774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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-DATE
At R2, the content of the condition is modified to become a new SB.
5
1
2019-12-31
N/A
N/A
SB_20.60_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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"
5
2
2019-12-31
N/A
N/A
SB_20.60_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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.
5
2
2020-03-31
N/A
N/A
SB_20.60_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
NM
Objective: Strengthen enterprises internal control and improve business environment.
5
3
2020-12-31
N/A
R5
SB_20.60_3
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Submit amendments to the SOE Law to the National Assembly on segregation of power and compliance, incorporating international good practices.
4
06/30/2021
MOD-SB
Strengthen enterprises internal control and improve business environment
5
4
2021-06-30
N/A
N/A
SB_20.60_4
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Approval by a presidential decree of the Roadmap for the SOE reform broadly in accordance with its description in the MEFP paragraph 16.
5
09/30/2021
SB
Enhance, better structure and guide a more comprehensive and effective SOEs reform approach.
5
5
2021-09-30
R5
N/A
SB_20.60_5
SB_20.60_4
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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-DATE
At R2, the content of the condition is modified to become a new SB.
5
1
2019-12-31
N/A
N/A
SB_20.70_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
MOD-DATE
Reset: End-December 2020. More time needed due to capacity constaints under the crisis.
5
2
2020-06-30
N/A
N/A
SB_20.70_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
12/31/2020
NM
The authorities intend to complete the process by end-June 2021. More time is needed due to capacity constraints under the crisis.
5
2
2020-12-31
N/A
R5
SB_20.70_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
M
At R5, 54 percent of public contracts had been awarded through open tenders as of the-end-December 2020.
5
3
2020-12-31
N/A
R5
SB_20.70_3
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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"
5
4
2019-12-31
N/A
N/A
SB_20.70_4
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
MD
At R2 the condition was reset with a new test date.
5
4
2020-03-31
N/A
N/A
SB_20.70_4
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
BLANK
SB
20.7
1.7. Fiscal transparency (publication, parliamentary oversight)
Publish initial project appraisal report for all new public investment projects above Kz 10 billion undertaken from January 2021.
5
03/31/2021
MOD-DATE
Objective: Strengthen accountability.
5
5
2021-03-31
N/A
N/A
SB_20.70_5
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
BLANK
SB
20.7
1.7. Fiscal transparency (publication, parliamentary oversight)
Publish initial project appraisal report for all new public investment projects above Kz 10 billion undertaken from January 2021.
5
06/30/2021
SB
Reset from end-March 2021 (not met) in the Fourth Review.
5
5
2021-06-30
N/A
N/A
SB_20.70_5
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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.
5
1
2019-12-31
N/A
N/A
SB_21.10_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
MOD-DATE
Reset: End-September 2020. More time needed due to capacity constaints under the crisis.
5
1
2020-03-31
N/A
N/A
SB_21.10_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
09/30/2020
MOD-DATE
At R3 the test date was reset to end September 2020. More time needed due to capacity constraints under the crisis.
5
1
2020-09-30
N/A
N/A
SB_21.10_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
01/31/2021
M
N/A
5
1
2021-01-31
N/A
R5
SB_21.10_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
BLANK
SB
21.1
2.1. Central bank operations and reforms
Adoption of the revised BNA Law to define, inter alia, a precise mandate to 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.
2
11/30/2021
SB
Strengthen the monetary policy framework
5
2
2021-11-30
R5
N/A
SB_21.10_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
BLANK
SB
21.1
2.1. Central bank operations and reforms
Submit an amendment to the BNA Law to the Council of Ministers to define, inter alia, a precise mandate to 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.
3
09/30/2020
NM
Completed with delay: Submitted to Council of Ministers, December 2020.
5
3
2020-09-30
R5
R5
SB_21.10_3
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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.
5
1
2019-09-30
N/A
N/A
SB_24.20_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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-DATE
At R2, the content of the condition is modified to become a new SB.
5
1
2019-03-31
N/A
N/A
SB_25.10_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
5
2
2019-06-30
N/A
N/A
SB_25.10_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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.
5
2
2019-12-31
N/A
N/A
SB_25.10_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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.
5
3
2019-09-30
N/A
N/A
SB_25.10_3
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
M
Objectives: Foster banking sector stability.
5
4
2019-12-31
N/A
N/A
SB_25.10_4
SB_25.10_3
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
MOD-DATE
Objectives: Foster banking sector stability.
5
5
2020-02-29
N/A
N/A
SB_25.10_5
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
03/31/2021
MOD-DATE
Reset to end-March 2021. The finalization is waiting on the preparation of a restructuring plan of one public bank, which is currently underway
5
5
2021-03-31
N/A
N/A
SB_25.10_5
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
07/31/2021
SB
Reset to end-July 2021. The finalization of the strategy is pending the restructuring plan of one public bank, which is currently underway.
5
5
2021-07-31
R5
N/A
SB_25.10_5
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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.
5
6
2020-06-30
N/A
N/A
SB_25.10_6
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
MOD-DATE
Delayed. To be re-assessed and adjusted as part of the Fourth Review.
5
7
2020-06-30
N/A
N/A
SB_25.10_7
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
03/31/2021
MOD-DATE
Reset to end-September 2021. The completion of the recapitalization process is pending the implementation of the restructuring plan currently underway of one public bank.
5
7
2021-03-31
N/A
N/A
SB_25.10_7
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
09/30/2021
SB
At R5, the test date was reset.
5
7
2021-09-30
R5
N/A
SB_25.10_7
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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.
5
1
2019-03-31
N/A
N/A
SB_25.20_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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.
5
1
2019-06-30
N/A
N/A
SB_25.20_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
MOD-DATE
At R2, the condition is reset with a new test date
5
1
2020-01-31
N/A
N/A
SB_25.20_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
MOD-DATE
At R2, the condition is reset with a new test date
5
1
2020-07-31
N/A
N/A
SB_25.20_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
08/31/2020
MOD-DATE
At R4, the conditition is pending the nomination of the independent Board member,expected by end-February 2021.
5
1
2020-08-31
N/A
N/A
SB_25.20_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
02/28/2021
NM
Completed with a delay. Completion was pending the nomination of the independent member of the Strategy and Monitoring Committee, which became official on January 21, 2021.
5
1
2021-02-28
N/A
R5
SB_25.20_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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.
5
2
2019-06-30
N/A
N/A
SB_25.20_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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.
5
3
2019-12-31
N/A
N/A
SB_25.20_3
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
MOD-DATE
At R2 the condition was reset with a new test date.
5
3
2020-03-31
N/A
N/A
SB_25.20_3
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
09/30/2020
MOD-DATE
Reset to end-March 2021. Under consideration in parliament after submission in August 2020.
5
3
2020-09-30
N/A
N/A
SB_25.20_3
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
03/31/2021
NM
Completed with a delay with the promulgation of the FIL and its official publication in May 2021.
5
3
2021-03-31
N/A
R5
SB_25.20_3
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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.
5
1
2018-12-31
N/A
N/A
SB_26.00_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
BLANK
SB
26
7. Exchange systems and restrictions (current and capital)
Eliminate the informal restrictions on foreign exchange deposits withdrawals
2
12/31/2019
M
Objectives: Minimize risks to financial stability
5
2
2019-12-31
N/A
N/A
SB_26.00_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
M
Objectives: Develop a well-functioning foreign exchange market.
5
3
2020-03-30
N/A
N/A
SB_26.00_3
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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.
5
1
2019-09-30
N/A
N/A
SB_30.40_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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.
5
2
2019-09-30
N/A
N/A
SB_30.40_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
MD
The new Law was promulgated in January 2020, but complementary measures were still needed by end-March 2020, which were adopted in June 2020.
5
2
2020-03-31
N/A
N/A
SB_30.40_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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"
5
3
2019-03-31
N/A
N/A
SB_30.40_3
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2022-01-31
N/A
N/A
2021-06-09
P1
R5
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
MD
Objectives: Strengthen the AML/CFT framework.
5
4
2019-09-30
N/A
N/A
SB_30.40_4
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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.
6
1
2023-09-23
N/A
N/A
PA_20.50_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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.
6
2
2023-09-23
N/A
N/A
PA_20.50_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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.
6
3
2023-09-23
N/A
N/A
PA_20.50_3
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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.
6
1
2023-09-23
N/A
N/A
PA_20.80_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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.
6
1
2019-07-01
N/A
N/A
SB_20.20_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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.
6
4
2019-12-31
N/A
N/A
SB_20.20_4
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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.
6
1
2019-09-30
N/A
N/A
SB_20.30_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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.
6
1
2019-03-31
N/A
N/A
SB_20.50_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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.
6
2
2019-03-31
N/A
N/A
SB_20.50_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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-DATE
At R2, the content of the condition is modified to become a new SB.
6
1
2019-12-31
N/A
N/A
SB_20.60_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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"
6
2
2019-12-31
N/A
N/A
SB_20.60_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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.
6
2
2020-03-31
N/A
N/A
SB_20.60_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
NM
Objective: Strengthen enterprises internal control and improve business environment.
6
3
2020-12-31
N/A
R5
SB_20.60_3
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Submit amendments to the SOE Law to the National Assembly on segregation of power and compliance, incorporating international good practices.
4
06/30/2021
MOD-SB
Strengthen enterprises internal control and improve business environment
6
4
2021-06-30
N/A
N/A
SB_20.60_4
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Approval by a presidential decree of the Roadmap for the SOE reform broadly in accordance with its description in the MEFP paragraph 16.
5
09/30/2021
NM
Expected to be largely completed with a delay. Presidential Decree is expected to be issued by end-January 2022, following a recommendation for further consultations from the October 6 Economic Commission of the Council of Ministers, and it will define the priority sectors (which might differ somewhat from the ones originally planned).
6
5
2021-09-30
R5
R6
SB_20.60_5
SB_20.60_4
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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-DATE
At R2, the content of the condition is modified to become a new SB.
6
1
2019-12-31
N/A
N/A
SB_20.70_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
MOD-DATE
Reset: End-December 2020. More time needed due to capacity constaints under the crisis.
6
2
2020-06-30
N/A
N/A
SB_20.70_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
12/31/2020
NM
The authorities intend to complete the process by end-June 2021. More time is needed due to capacity constraints under the crisis.
6
2
2020-12-31
N/A
R5
SB_20.70_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
M
At R5, 54 percent of public contracts had been awarded through open tenders as of the-end-December 2020.
6
3
2020-12-31
N/A
R5
SB_20.70_3
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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"
6
4
2019-12-31
N/A
N/A
SB_20.70_4
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
MD
At R2 the condition was reset with a new test date.
6
4
2020-03-31
N/A
N/A
SB_20.70_4
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
SB
20.7
1.7. Fiscal transparency (publication, parliamentary oversight)
Publish initial project appraisal report for all new public investment projects above Kz 10 billion undertaken from January 2021.
5
03/31/2021
MOD-DATE
Objective: Strengthen accountability.
6
5
2021-03-31
N/A
N/A
SB_20.70_5
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
SB
20.7
1.7. Fiscal transparency (publication, parliamentary oversight)
Publish initial project appraisal report for all new public investment projects above Kz 10 billion undertaken from January 2021.
5
06/30/2021
NM
Expected to be partially completed by end January 2022, with the publication of the appraisal reports for 67 large projects in the 2021 budget. More of the reports for the 243 remaining large projects in the 2021 budget will be published as line ministries continue to overcome their capacity problems.
6
5
2021-06-30
N/A
R6
SB_20.70_5
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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.
6
1
2019-12-31
N/A
N/A
SB_21.10_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
MOD-DATE
Reset: End-September 2020. More time needed due to capacity constaints under the crisis.
6
1
2020-03-31
N/A
N/A
SB_21.10_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
09/30/2020
MOD-DATE
At R3 the test date was reset to end September 2020. More time needed due to capacity constraints under the crisis.
6
1
2020-09-30
N/A
N/A
SB_21.10_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
01/31/2021
M
Submitted to National Assembly, January 2021
6
1
2021-01-31
N/A
R5
SB_21.10_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
SB
21.1
2.1. Central bank operations and reforms
Adoption of the revised BNA Law to define, inter alia, a precise mandate to 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.
2
11/30/2021
M
National Assembly passed the BNA Law in September 2021 and the Law was adopted and promulgated in October 2021.
6
2
2021-11-30
R5
R6
SB_21.10_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
SB
21.1
2.1. Central bank operations and reforms
Submit an amendment to the BNA Law to the Council of Ministers to define, inter alia, a precise mandate to 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.
3
09/30/2020
NM
Completed with delay: Submitted to Council of Ministers, December 2020.
6
3
2020-09-30
R5
R5
SB_21.10_3
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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.
6
1
2019-09-30
N/A
N/A
SB_24.20_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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-DATE
At R2, the content of the condition is modified to become a new SB.
6
1
2019-03-31
N/A
N/A
SB_25.10_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
6
2
2019-06-30
N/A
N/A
SB_25.10_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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.
6
2
2019-12-31
N/A
N/A
SB_25.10_2
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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.
6
3
2019-09-30
N/A
N/A
SB_25.10_3
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
M
Objectives: Foster banking sector stability.
6
4
2019-12-31
N/A
N/A
SB_25.10_4
SB_25.10_3
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
MOD-DATE
Objectives: Foster banking sector stability.
6
5
2020-02-29
N/A
N/A
SB_25.10_5
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
03/31/2021
MOD-DATE
Reset to end-March 2021. The finalization is waiting on the preparation of a restructuring plan of one public bank, which is currently underway
6
5
2021-03-31
N/A
N/A
SB_25.10_5
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
07/31/2021
NM
Expected to be completed by end-January 2022. The finalization of the strategy is pending the restructuring plan of one public bank, which is currently underway.
6
5
2021-07-31
R5
R6
SB_25.10_5
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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.
6
6
2020-06-30
N/A
N/A
SB_25.10_6
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
MOD-DATE
Delayed. To be re-assessed and adjusted as part of the Fourth Review.
6
7
2020-06-30
N/A
N/A
SB_25.10_7
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
03/31/2021
MOD-DATE
Reset to end-September 2021. The completion of the recapitalization process is pending the implementation of the restructuring plan currently underway of one public bank.
6
7
2021-03-31
N/A
N/A
SB_25.10_7
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
09/30/2021
NM
Expected to be completed by end-March 2022. The completion of the recapitalization process is pending the implementation of the restructuring plan currently underway of one public bank.
6
7
2021-09-30
R5
R6
SB_25.10_7
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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.
6
1
2019-03-31
N/A
N/A
SB_25.20_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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.
6
1
2019-06-30
N/A
N/A
SB_25.20_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
MOD-DATE
At R2, the condition is reset with a new test date
6
1
2020-01-31
N/A
N/A
SB_25.20_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
MOD-DATE
At R2, the condition is reset with a new test date
6
1
2020-07-31
N/A
N/A
SB_25.20_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
08/31/2020
MOD-DATE
At R4, the conditition is pending the nomination of the independent Board member,expected by end-February 2021.
6
1
2020-08-31
N/A
N/A
SB_25.20_1
N/A
774
ANGOLA
614
EFF
2018-12-07
2,018
2021-12-06
2,021
2021-12-27
N/A
N/A
2021-12-22
P1
R6
L
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
02/28/2021
NM
Completed with a delay. Completion was pending the nomination of the independent member of the Strategy and Monitoring Committee, which became official on January 21, 2021.
6
1
2021-02-28
N/A
R5
SB_25.20_1
N/A