Reflection on Angola’s Sovereign Wealth Fund Investment Policy
The Fundo Soberano de Angola is expected to grow quickly.
To be clear in 2013, the government of Angola has already allocated substantial increases in public spending through Angola’s fiscal budget. The gradual recovery of Angola’s oil sector has improved public finances. In addition, Angola has been able to taper inflation down to single digits, while the country’s reserves amass. Growth in international reserves, especially in periods of high-oil revenues, can be used to maintain steady public spending when oil revenues eventually drop.
Fundo Soberano de Angola – Asset Allocation[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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