at least quarter of angolan gdp vanishes from state funds in 3 years
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

At least quarter of Angolan GDP vanishes from state funds in 3 years

Arab Today, arab today

Arab Today, arab today At least quarter of Angolan GDP vanishes from state funds in 3 years

Moscow - Ria Novosti

International rights group, Human Rights Watch (HRW) called on the government of Angola to explain how $32 billion, or more than a quarter of the country's GDP, disappeared from government funds in three years. The finding was first published in the December 2011 report by the International Monetary Fund (IMF), which says that the funds were spent or transferred in 2007-2010 without being properly documented in the budget. "Tens of billions of dollars could be used for the benefit of the Angolan people - instead the government can't account for them," HRW business and human rights director Arvind Ganesan said. "Angola's government has taken credit for improving transparency over its oil revenues and auditing the state oil company, but the disappearance of $32 billion raises serious questions about its efforts and underscores the need for public accountability," he went on. The IMF website puts the estimated Angolan GDP in 2011 at $99.3 billion in current prices and at $116 billion if based on purchasing-power-parity (PPP) valuation.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

at least quarter of angolan gdp vanishes from state funds in 3 years at least quarter of angolan gdp vanishes from state funds in 3 years

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

at least quarter of angolan gdp vanishes from state funds in 3 years at least quarter of angolan gdp vanishes from state funds in 3 years

 



GMT 21:38 2017 Monday ,30 October

Arab coalition to confronting Houthis

GMT 05:09 2017 Wednesday ,20 September

UK to take 130 more lone refugee children in Dubs

GMT 16:27 2011 Thursday ,07 July

More photos come up

GMT 10:49 2016 Monday ,19 September

Greek central banker denies rift with government

GMT 04:51 2017 Saturday ,21 October

EU puts brakes on Macron's Google tax push

GMT 11:35 2017 Friday ,17 March

Bahrain Bourse daily trading report

GMT 20:38 2017 Friday ,24 February

20 terror suspects, including 4 women, arrested

GMT 10:40 2017 Saturday ,29 April

Sudan condemns Paris' terrorist attack

GMT 08:33 2017 Tuesday ,21 November

Hezbollah denies sending arms to regional conflicts

GMT 23:14 2017 Tuesday ,02 May

Deputy premier meets Malaysian counterpart

GMT 10:45 2016 Monday ,25 July

Warner, Marvel wow Comic-Con

GMT 09:17 2017 Monday ,08 May

Macron marches to French presidency
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday