Angola: Oil, Broad-based Growth, and Equity

Once one of the world's largest staple food producers, Angola is now known as a major oil exporter-the second largest producer in sub-Saharan Africa. Angola is also the world's fourth largest producer of rough diamonds in terms of value, with the potential to become one of the leading global diamond producers. In addition to oil and diamonds, the country is well endowed with agricultural resources which remain mostly untapped. However, despite the country's significant natural wealth, a prolonge…