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Wed, 31 Jul 2019 14:57 - Updated Wed, 31 Jul 2019 14:56

Entrepreneurs want government involvement in credit support

Luanda - Representatives of Angolan business associations in Luanda on Tuesday defended the creation of a Multidisciplinary Working Group, involving the Government and businessmen, so as to allow them to participate in the preparation of the Operational Plan of the Credit Support Programme.

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Representatives of business associations in meeting with the President of the Republic

Photo: Pedro Parente

The Credit Support Program (PAC) is an initiative of the Angolan Government, approved by a Presidential Decree on May 17, which aims to facilitate access to credit for producers who want to dedicate to the production of the 54 products of the basic food basket.

A total of 141 billion kwanzas is expected to be made available by the end of this year by eight Angolan commercial banks to fund the said programme (PAC).

Tags Economy  

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