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Fri, 17 Jun 2016 06:43 - Updated Fri, 17 Jun 2016 06:43

Advantages of support unit for private investment in environment highlighted

Luanda - The Environment minister, Maria de Fátima Jardim, said on Wednesday in Luanda that the recent creation of the Technical Unit for the Support of Private Investment (UTAIP) ensures to the investors several benefits in terms of the Law on environmental impact.

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Environment Minister, Fátima Jardim

Photo: ANTONIO ESCRIVAO

Speaking to reporters on the sidelines of the "Seminar on Projects and Environmental Risks Financing", the minister assured that with the creation of the referred unit, linked to her sector, it will serve to encourage and support the Government in assessing impact studies already conducted by the market, as well as monitoring and audits, so that investments are naturally profitable and sustainable.

"The environmental and social risks are increasingly evident, and on the other hand, these are risks that were not analyzed at the banking perspective", she said.

According to the minister, the investment projects when presented to banks, promoters must, with this unit, keep the dialogue as it is for facilitation and assistance in the preparation of environmental impact studies.

"This entity is an important unit for the project promoters and banks and the government for the implementation of their policies", said the minister.

The seminar on Projects and Environmental Risk Financing is being directed to the banking sector and private investor entities.

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