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- Reserve Fund for Oil
Reserve Fund for Oil
Company Web-site www.minfin.gv.ao
Country Angola
Assets $Billion >$0.2
Inception 2004
Origin Oil
Approx wealth per citizen $12546
Company Description
The Council of Ministers adopted in 2007 a reserve fund for oil where the difference between the world price for Angola's oil and the budgeted oil price (US$45 in 2007) is automatically channeled. Setting a specific oil price in the budget is attractive because it is easy to explain to the public, and it provides an effective and transparent way of limiting policy-makers' discretion.
Country Angola
Company Reserve Fund for Oil
Name Manuel Neto da Costa
Job title Director do Gabinete de Estudos e Relações Económicas Internacionais (GEREI)
E-mail manuel.costa@minfin.gv.ao
Phone
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