ORSB – ANGOLA COUNTRY STRATEGY PAPER 2011 - 2015
should continue to have access to non
concessional resources from the ADF
window for a further period of two years,
on a sliding scale: 100% of the country’s
nominal performance-based allocation
in 2011 and 50% of the nominal
allocation in year 2012. Likewise,
access to ADB resources will be phased
in during this 2-year transition period: up
to 50% of the country’s SLL in 2011 and
up to 100% as of 2012, subject to the
external debt ceiling determined in
Angola’s IMF program.
corners in the Bank’s strategy for private
sector
development
namely:
(i)
diagnostic and strategic analysis, (ii)
enabling environment improvement
programs, and (iii) catalytic nonsovereign
investments.
The
effectiveness of the Field Office will help
strengthen the country dialogue and
enhance the Bank’s local knowledge;
II.
COUNTRY
PROSPECTS
2.1
1.5
Due to shortage of strategic
documents and data, the Bank’s
strategy
was
prepared
through
extensive
dialogue
with
the
Government. It is linked to the national
development priorities as set forth in the
available national strategic and policy
documents3. With the recent financial
crisis as a backdrop, the Government is
facing ever-growing pressure to diversify
and re-structure its economy away from
the oil industry, through private sector
expansion. Employment creation is a
national priority leading to a better
quality of life and social cohesion. To
this end, the CSP articulates the Bank’s
engagement across two pillars:
CONTEXT
AND
Political and Economic Context
Political Context
2.1.1 The
political
scene
is
benefiting from peace. After 27 years
of civil war that ended in 2002, the
country’s first post-war legislative
elections took place in September 2008.
The Movimento Popular de Libertação
de Angola (MPLA), the party supporting
president José Eduardo dos Santos,
won with 81 percent of the votes against
União Nacional para a Independência
Total de Angola (UNITA)’s 10 percent.
The elections were deemed fair and
transparent by international observers
and its peaceful outcome marked an
historical step towards democracy. (see
Figure 1)
•
•
Stimulus to the Competitiveness of
the economy
2.1.2 A new Constitution approved
in 2010. Presidential elections were
scheduled to follow the legislative poll.
However, MPLA’s dominance of the
political system and overwhelming
majority in the National Assembly
allowed a constitutional revision in
January 2010. Under the new
constitutional framework, presidential
nomination is now decided by the
majority party in Parliament. The
President is now the Head of State,
Commander in Chief of the Armed
Forces and replaces the Prime Minister
Support to Economic Infrastructure
Development.
1.6
The strategy contains a flexible
framework, which combines the use of
concessional and non-concessional
resources together with other available
trust funds and MIC grants to identify
new opportunities for the Bank’s
involvement. The approach is guided by
strong synergies between the three
These include Long-Term strategic vision “Visão 2025”, MPLA Election
Program 2009-2012 and Government’ National Plan for 2011-2012
3
2