Thu, 14 Dec 2017 17:33 - Updated Thu, 14 Dec 2017 17:33
BDA keeps receiving funds to re-launch productive sector
Luanda - The Angolan Government will continue to put necessary funds to the Angolan Development Bank (BDA), so that this financial institution can leverage public investments, aimed at improving the business environment in the country.
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Manuel Neto Costa, State secretary of Economy and Planning (file)
Photo: Francisco Miudo
According to the State Secretary for Economy and Planning Manuel Neto da Costa in order to leverage public investments, in addition to improving the business environment, the Government intends to boost private investment in the country.
Manuel Neto da Costa, who was speaking at the ceremony that marked BDA's 11th anniversary celebrations Thursday, said that it is important to highlight the role of this public financial institution as a financing instrument for the non-oil sector.
According to the Secretary of State, the financing of the non-oil sector will allow the program of diversification of the Angolan economy to respond to the problem of economic vulnerability to the levels of exposure and shocks linked to oscillations of the price of oil in the international market.
The Government 's commitment t, which will be reflected in the 2018/2022 National Development Plan, will be an instrument for the strategic plan of the BDA directed to the program of financing of the productive sector, in order to guarantee the production that satisfies the internal needs and bet in exports.
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Luanda - At least US $ 30bn of Angola's assets are deposited abroad in correspondent commercial banks, said on Wednesday in Luanda the governor of the National Reserve Bank of Angola (BNA), José de Lima Massano.
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London - The price of Brent crude-oil, a reference product kept in stock for delivery in February, on Thursday opened high in the London Market, with the barrel being traded at USD 62.86, with a variation of 0.72% in relation to last Wednesday.
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Luanda - Ministry of Agriculture and Forestry Wednesday has reaffirmed commitment to work on safety of locally produced and imported food to ensure desired quality for human consumption.