The Necessity of Reforms in Angola

To renew the economy of Angola the government should take some reforms. To achieve the best results from these reforms the population and the government should view their best results. The most important political obstacle is that the oil rents are controlled by the central government and billed by those in charge of it. Like in any other country, the population is divided into poor and rich. While the most of the population suffers from the fail of domestic production, those who have privileged position in society have free admission to foreign market.
Moreover, there is also a problem of preferential exchange rates. The government made the purchases in many instances at an overestimated official exchange rate, providing with access the chance for quick earnings on the level by purchasing goods at official exchange rates at reselling them at parallel market prices. But unfortunately the elite of Angola are not going to change anything, as it is not profitable for them. People have to argue that reform must rest on the fact that the problems afflicting the economy of the country are well-known, and that somebody’s benefits from the present situation will result in awful consequences if reforms are ignored. One more burning problem is that whether the political and social problems can be supported if the situation with the population will be worsened. The foreign debt will never decrease if the production of oil is not increased, so it is necessary to maintain and develop the production of oil in order to renew the economy of the country. Angola is not a unique country to some extant, as practically every country, which possesses such reserves of oil has such difficulties. Angola, as many other countries of the world suffers from enormous overvaluation, price increases and decrease of the domestic product.

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