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Download e-book for iPad: Angola : towards an energy strategy by International Energy Agency

By International Energy Agency

ISBN-10: 9264109676

ISBN-13: 9789264109674

ISBN-10: 9264109684

ISBN-13: 9789264109681

On the request of the Angolan executive in 2005, the IEA carried out a survey of the Angolan strength zone and effort regulations. This ensuing document on Angola makes a speciality of parts for precedence motion and hones in on power subsectors more likely to play the biggest function in assembly household call for for contemporary strength companies: particularly electrical energy and oil items. As biomass at present performs an important function in assembly the bulk  Read more...

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A new customs law is being drafted, but no date has been scheduled for its implementation. 5% of total revenue in 2002), which will facilitate its future engagement in regional and multilateral initiatives. Angola formally acceded to the Southern African Development Community (SADC) Trade Protocol in March 2003 and is currently preparing a schedule for its implementation. indd 35 © OECD/IEA, 2006 External position 21/09/06 11:31:12 36 - ECONOMIC CONTEXT be introduced by 2008, and member states are carrying out a mid-term review of the Trade Protocol to that effect, a process in which Angola is expected to play an important role as a member of the steering committee.

9% of GDP. For the first time, however, fiscal operations included most off-budget expenditures, including off-budget transfers to the military, the quasi-fiscal operations carried out by Sonangol on behalf of the government and the central bank’s operating deficit, which amounted to some 1% of GDP. The fiscal deficit was financed by substantial recourse to external loans and grants and the use of signature oil bonuses. 5% of GDP as a result of higher oil revenues and measures to improve budget execution procedures and controls, while revenues from international trade taxes failed to rise despite the transfer of customs management in Luanda to Crown Agents.

FDES has financed 170 projects, mainly in transport and fishing, with an average size of about USD 20 000, generating more than 4 500 jobs. Its activity has been hindered by scarcity of financial resources and the weaknesses of the financial system through which it operates. The intermediating banks did not provide adequate monitoring of the projects financed, owing to poor credit information and analysis. Loans were secured by mortgages on fixed assets and collateral. 21/09/06 11:31:13 40 - ECONOMIC CONTEXT POLITICAL AND SOCIAL CONTEXT Angola entered a new era on 4 April 2002, six weeks after the death of UNITA leader Jonas Savimbi, when a cease-fire was signed between the armed forces and the rebels.

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Angola : towards an energy strategy by International Energy Agency

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