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Wed, 27 Sep 2017 10:30 - Updated Wed, 27 Sep 2017 10:30

Government must make country's economy get strong - Economist

Luanda - The experience in managing the economic crisis, which started in the end of the year 2014, will enable the Angolan government, headed by newly sworn in President João Lourenço, to adopt a more contributory budget, with a view to making the country?s economy become more efficient.

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José Severino, chairman of the Angolan Industrial Association (AIA).

Photo: angop

This was said last Monday, in Luanda, by the chairman of the Angolan Industrial Association (AIA), the economist José Severino, who stressed that he also hopes the new President of the Republic will resolve problems relating to the improvement of resources management, decrease the country’s external debt and improve the performance of the education sector.    

The AIA chairman - who spoke to ANGOP on the sidelines of the presentation of the book entitled “Economia Angolana de 2015 a 2017” (Angolan Economy from 2015 to 2017), by the Angolan economist Alves da Rocha – advocated the need for greater use of the country’s raw materials in the local industry.

José Severino also defended major focus on an accelerated agricultural development, although the country’s financial and foreign exchange situations do not inspire very fast changes.

He appealed to the new government to invest in the improvement of power production and supply, roads, water supply and the telecommunications sector, suggesting, for such, better foreign investment policies.

Alongside those measures, he said, the Executive of João Lourenço has to pay special attention to the inflation rate, improve the business environment, tackle socioeconomic and regional asymmetries, as well as draft policies that enable the consolidation of the activities of micro and small enterprises.  

As a result of last August 23 general elections, the ruling MPLA party and its presidential candidate, João Lourenço, won the trust of the people with 61.07 per cent of the votes.

João Lourenço, 63, was sworn in as President of the Republic of Angola last Tuesday, at a ceremony that was attended by several heads of State and Government.

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