By Markus Weimer. Chatham House, March 2012.
Angola marked a decade of peace in April 2012. High rates of economic growth have characterized the post-conflict era, but so have high inflation and a hefty dependence on oil revenues and foreign investment. Moreover, oil production has declined in recent years due to price instability and maintenance needs, and may fall further in the future. Corruption has also surged and surpassed access to electricity, finance, and transportation as the leading obstacle for businesses. These challenges pose severe impediments for development and poverty reduction in Angola.
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