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Yearbook 2007

Angola. Large oil and diamond deposits and high world market prices helped Angola maintain the strong economic growth rate of recent years. The International Monetary Fund (IMF) estimated Angola's growth to 23 percent in 2007, but at the same time criticized the lack of transparency in the operations of state oil and diamond companies. Very large sums are believed to disappear in the pockets of the governing body.

2007 Angola

The government announced that the country no longer needs foreign financial assistance and canceled negotiations with the IMF. According to CountryAAH, the value of this year's oil production was estimated at over US $ 30 billion; more than the OECD's total assistance to Africa in 2006. Most of Angola's debt of USD 2.3 billion to the so-called Paris Club was repaid.

One UN delegation criticized human rights violations, including arbitrary arrests and torture. There were also testimonies of how civilians were kept imprisoned without contact with the outside world in the disputed enclave Cabinda. A peace agreement was concluded in 2006 with a branch of Cabinda's independence movement, and about 500 former guerrillas began to be included in the national army, but there were questions about the peace agreement.

After a long delay, it was decided that parliamentary elections should be held in 2008 and a new president elected in 2009. A group of parliamentarians from the regional cooperation organization SADC expressed concern about too strong political control of the electoral preparations. Most of the planning, as well as voter registration, is handled by a government department.

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