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Tue, 13 Mar 2018 18:28 - Updated Tue, 13 Mar 2018 18:30

Angola pledges short-term solution to macroeconomic imbalances

Luanda - Angolan Government is working on creation of alternatives and opportunities for more sustainable economic growth and social development that ensure short-term resolution of problems of macroeconomic imbalances.

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minister of Economy and Planning, Pedro Luís da Fonseca.

Photo: Pedro Parente

This was said Tuesday by minister of Economy and Planning, Pedro Luís da Fonseca.

The minister said that the country experiences economic and financial hardships outlined in different political documents, with stress to the National Development Plan 2018-2022 of the ruling MPLA party.

Speaking at the opening of the workshop on the integration and acceleration of the Development Goals in National Development Agenda, the minister mentioned among the objectives, the sustainable development, with economic and social inclusion and reduction of inequalities.

Other objectives include the human development and well-being of Angolans, "" stimulating economic transformation, development of private sector and the competitiveness of the economy.

The official said that such aspirations are based on 2018-2023 National Development Plan and the Angola 2050 vision.

He also spoke of Macroeconomic Stability and Fiscal Sustainability programme, State Reform Programme, Production Support Programme, Export Diversification and Import Substitution, Programme for Improving Quality of Services in Education, Higher Education and Health.

Other programme such as Construction and rehabilitation of infrastructures and reduce social asymmetries and eradicate hunger, are also based on national development plan.

In turn, the Angolan representative of the UN Development Programme (UNDP) and United Nations System, Pier Paolo Balladelli, said it was a period of great opportunities and transformations for the country to develop and become the engine of Africa.

He pointed out the economic growth and development of human capital, as crucial to fulfill the Angolan people's desires.

The official said that the UN supports the government in its vision of 2030 Global Agenda linked to the Sustainable Development Goals (SDGs).

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