Angola Economy
V. Country Narratives -- Countries A through G
Cote d’Ivoire is a source, transit, and destination country for women and children trafficked for the purposes of forced labor and sexual exploitation. Available information indicates that the overall magnitude of trafficking in Cote d’Ivoire has diminished in the past few years. Ivoirian girls are trafficked within the country for exploitation as domestic servants, street vendors, and prostitutes, and occasionally are lured to Europe where they are forced into commercial sexual exploitation after being deceived by false marriage proposals. Children from Mali, Burkina Faso, Ghana, Togo, and Benin are trafficked to Cote d’Ivoire for agricultural and domestic labor exploitation. Nigerian and Ghanaian women and children, as well as some females from Algeria, Morocco, China, and the Philippines, are trafficked to Abidjan and other large towns for sexual exploitation. Some of these women also transit Cote d’Iv ... [Read More]
US Department Of State Post Report
In sum, Angola, and Luanda in particular, is a place for the relatively healthy who are free of any major or continuing health problems. Employment for Spouses and DependentsLast Updated: 11/14/2003 12:05 AM At present it is not possible for spouses or dependents to work on the local economy, though a reciprocal work agreement is being negotiated. There are also limited spouse employment opportunities in the Embassy and other U.S. Government agencies. The U.N. sometimes has openings, but these are very limited in number, and competition for them is intense. There are multiple opportunities to do volunteer work with non-government organizations (NGOs) and other groups. ... [Read More]
U. S. Embassy, Nigeria: Information Section - U.S. Official Sees Hope, Opportunities For Angola
Even as Angola faces the simultaneous transitions from war to peace and from a war-constrained polity to a more open political system, it will have to address pressing economic and social issues. Along with others in the international community, we intend to help in these areas, but -- once again -- the key to progress will remain in the hands of the Angolans. Much more needs to be done to reform the Angolan economy, privatize where possible the bloated state structure, and to guarantee that the benefits of Angola's oil and mineral wealth go to the Angolan people. Anti-corruption and transparency are issues that must squarely be faced in Angola if ... [Read More]
English Language Resource Center
Didactic and authentic materials (such as magazines and newspapers from the U.S.)Exercise and work booksGrammar guidesAmerican literature and cultureAmerican government, economy and historyAmerican idiomsListening, speaking, reading and writingEnglish for specific purposes (business, Internet, science, etc.) ... [Read More]
Angola
The population is approximately 12 million. The security factors that inhibited the country's transition to full multiparty democracy had a similar effect on the country's transition from a directed, state-dominated economic system to one based on market principles. Eighteen percent of the budget remains dedicated to defense (or 10 percent of gross domestic product (GDP), a decline from 40 percent in 2000; the difference was applied to public works, health, and education. The economy continued to perform poorly and despite abundant natural resources, output per capita is extremely low. Annual per capita GDP was approximately $450 (13,500 kwanza). The country produces more than 750,000 barrels of oil per day, a total that is expected to rise to more than 1 million by the end of 2002. Due to its control of oil revenues, the parastatal oil company Sonangol plays a dominant role in both the economy and government. The country produced an estimated $600 million (18 billion kwanzas) worth of ... [Read More]
Angola
The mixed economy, dominated by oil, grew by over 10 percent during the year; however, most of the country's wealth remained concentrated in a few hands. Although commercial and agricultural activity in urban and rural areas increased since the end of the war, 70 percent of the population of approximately 13 million continued to live in poverty. Approximately 85 percent of the population residing outside of Luanda were employed in agriculture, mostly at a subsistence level. Corruption, nontransparent contracting practices, and unfair enforcement of regulatory and tax regimes favored the wealthy and politically influential. Poor governance continued to limit the provision of basic services to most citizens. Although conditions improved in many parts of the country, the U.N. Office for the Coordination of Humanitarian Assistance (OCHA) estimated that 1.1 million citizens were still at risk of food insecurity, with 500,000 needing immediate food assistance. ... [Read More]
US Embassy Statement on Investment Climate in Angolan
20. Past triple-digit inflation resulted in a high level of dollarization in the banking system and in Angola's economy overall. Since the end of civil war, the central bank has devoted considerable effort to rebuilding trust in the kwanza and controlling inflation, which fell to 30 percent for 2004. Currently some commercial banks still hold as much as 80 percent of their assets in Kwanzas. Central bank regulations limit banks to keeping only 20 percent of their reserves in foreign currency. The mandatory reserve requirement for non-government deposits, whether in kwanza or foreign currency, is 15 percent. ... [Read More]
Angola
SPECIAL CIRCUMSTANCES: Angola is generally a cash-only economy; both travelers' checks and credit cards are of minimal utility. In addition, ATM machines are not generally useful for travelers. Travelers should carry a sufficient supply of U.S. dollars with them. Only the newer series U.S. dollar bills (with large faces) are accepted. U.S. dollars can be converted to local currency at exchange houses authorized by the Angolan government. Angolan currency (the Kwanza) may not be taken out of the country and travelers are subject to search (often accompanied by confiscation) at the airport. ... [Read More]
Angola (06/05)
Angola has a fast-growing economy largely due to a major oil boom, but it also ranks in the bottom 10 of almost every socioeconomic indicator. Aside from the oil sector and diamonds, it is in economic disarray because of 27 years of nearly continuous warfare, corruption, and economic mismanagement. Despite abundant natural resources, output per capita remains among the world's lowest. Subsistence agriculture and dependence on humanitarian food assistance sustain the large majority of the population. ... [Read More]
USAID in Angola
Although USAID/Angola envisions specific results for its targeted sectors, several themes cut across all sectors. The first is human capacity development. The focus will be not only on training, but also on interventions to improve the environment in which individuals will apply newly acquired skills. The second theme is gender, since women constitute over 50 percent of the Angolan population. The problems of traditional gender-based roles, extreme poverty, and a lack of education/information will be addressed. The third theme is public-private partnerships wherein USAID/Angola will try to leverage private sector resources to benefit greater numbers of Angolans. The final theme is regional integration to promote a viable regional economy that will benefit both Angola and the U.S. ... [Read More]
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