WASHINGTON (Reuters) - The IMF said on Tuesday a $32 billion accounting discrepancy in Angola's state funds was linked to "quasi-fiscal operations" by state oil firm Sonangol done on the government's behalf, but not recorded in official budget accounts.

The Fund said the government was investigating the issue and was preparing a more comprehensive analysis together with the IMF for release later in the year.

Angolan President Jose Eduardo dos Santos' government has long been accused of mismanaging oil revenues and doing too little to fight graft in a country in which an estimated two-thirds of a population of 18 million live on less than $2 per day.

However, the governement does not intend to ask for a new loan due to the "broadly favorable" economic prospects with new oil fields expected to boost output above 1.8 million barrels a day.

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