[{"bbox": [97, 152, 1134, 203], "category": "Text", "text": "savings modalities to the needs of the newly formalised actors, along with guarantee schemes and micro-insurances."}, {"bbox": [97, 218, 1134, 271], "category": "Text", "text": "There is still an insufficient participation of CSOs and professional associations connected to the informal economy, but this is due to be addressed considerably by the recently created OEI."}, {"bbox": [97, 282, 1134, 417], "category": "Text", "text": "The Institute of National Statistics (INE, *Instituto Nacional de Estatística*) publishes the Quarterly Labour Market Surveys, with national data (disaggregated by province) on employment and informal economy. The PREI collects and reports daily data from its interventions in the markets, disaggregated by gender, age, market and province. This data is available on the online portal⁴⁴. Other public agencies involved in the formalisation collect and produced data relative to:"}, {"bbox": [136, 428, 1134, 480], "category": "List-item", "text": "* Informal economic operators operating in the markets (Pilot Registration Process)⁴⁵ by the Ministry of Territorial Administration."}, {"bbox": [136, 481, 1095, 508], "category": "List-item", "text": "* Sellers / stallholders who pay their placement in the market, by the Municipal Market Administration"}, {"bbox": [136, 509, 605, 536], "category": "List-item", "text": "* Identity Cards issued by the Ministry of Justice"}, {"bbox": [136, 536, 392, 562], "category": "List-item", "text": "* Tax-payers by the AGT"}, {"bbox": [136, 562, 863, 588], "category": "List-item", "text": "* Workers and firms paying and benefitting from Social Security, by INSS⁴⁶."}, {"bbox": [136, 588, 1107, 615], "category": "List-item", "text": "* Firms registered at GUE by Ministry of Justice and certification (size and characteristics) by INAPEM"}, {"bbox": [136, 615, 483, 641], "category": "List-item", "text": "* Micro-credit database by FACRA"}, {"bbox": [97, 652, 1134, 840], "category": "Text", "text": "A fair degree of data triangulation exists among all these sources even if more could be done to validate definitions, data collection processes, methodologies, and data interoperability. The definition of “formalisation” itself, which has not met an agreement yet, may have an impact on data. The OIE may establish monitoring and evaluation systems, including a database of the informal economy (using data disaggregated by sex, age and, if possible, by disability status), produce surveys and annual reports and measures the performance and the impacts of the activities linked to formalisation. To date, a country-wide assessment of informality across sectors and layers of the economy is still missed⁴⁷."}, {"bbox": [97, 851, 1134, 905], "category": "Text", "text": "In conclusion, the policy is sufficiently relevant and credible for budget support contract objectives to be largely achieved. Therefore, the policy can be supported by the Commission with the proposed budget support contract."}, {"bbox": [85, 930, 375, 958], "category": "Section-header", "text": "### 2.3.2 Macroeconomic Policy"}, {"bbox": [97, 973, 1134, 1159], "category": "Text", "text": "Angola has been implementing prudent, stability-oriented macroeconomic policies supported by the International Monetary Fund's (IMF) Extended Fund Facility (EFF) approved in December 2018 and concluded in December 2021. The EFF arrangement has provided assistance to restore external and fiscal sustainability, improve governance, and diversify the economy to promote sustainable, private sector-led economic growth. Total loan disbursements amounted to USD 4.5 billion (including an augmentation by USD 765 million in 2020 to support the government efforts to mitigate the economic impact of the Covid-19 pandemic and continue the implementation of structural reforms)."}, {"bbox": [97, 1170, 1134, 1358], "category": "Text", "text": "The Government is fully committed to reinforcing macro stability and major structural reforms, in line with the NDP 2018-2022, as stated in the authorities' Letter of Intent attached to the 2021 Article IV consultation and EFF's sixth review at end 2021. This political commitment seems broad based and it seems to be confirmed by the re-election of President Lourenço and the appointment of the same ministers in key portfolios following the recent general elections. While the authorities do not seek to borrow through a successor programme, they will remain pro-actively engaged with the Fund. In May 2022, the latest IMF staff visit confirmed annual Article IV consultations will monitor policy implementation."}, {"bbox": [85, 1442, 219, 1467], "category": "Footnote", "text": "⁴⁴ www.prei ao."}, {"bbox": [85, 1466, 1143, 1555], "category": "Footnote", "text": "⁴⁵ The Pilot Registration Process started in February 2021 and to date, has registered 27.113 sellers in 22 markets, which are in one of the following situations: i) sellers or service providers with a track record of paying market fees and ii) the regularity of occupation of pre-designated spaces in the market, which can be: without stall (selling on the floor), with temporary stall, with fixed stall, with shop, with kiosk, workshop/production workshop, warehouses, catering spaces or mobile homes."}, {"bbox": [85, 1554, 1143, 1598], "category": "Footnote", "text": "⁴⁶ The registry can be made online or through a mobile app where payments can also be processed. The portal is available here: https://portalcontribuinte.inss.gv.ao/."}, {"bbox": [85, 1597, 704, 1620], "category": "Footnote", "text": "⁴⁷ ILO and UNDP will carry a study on Informal Economy before the end of 2022."}, {"bbox": [1027, 1680, 1143, 1705], "category": "Page-footer", "text": "Page 13 of 33"}]