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Fri, 17 May 2019 19:01 - Updated Fri, 17 May 2019 19:00

UN highlights Angola's macroeconomic advances

Luanda - The Executive Secretary of the United Nations Economic Commission for Africa, Vera Songwe, on Friday in Luanda highlighted the work of the economic team of the Angolan Government of the last 18 months, which has allowed stabilizing the country's macroeconomic situation.

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secretária Executiva da Comissão Económica das Nações Unidas para África, Vera Songwe

Photo: Pedro Parente

President of Republic, João Lourenço (right) welcomes UN Africa Economic Commission Executive Secretary, Vera Songwe

Photo: Pedro Parente

Speaking to the press at the end of an audience with the Angolan Head of State, João Lourenço, the diplomat said that these results encourage the Commission to maintain support for the Government's initiatives, mainly in the financial and energy sectors.

"We know that the energy sector is one of the areas that consume the most financial resources in the country," said Vera Songwe, who is making a three-day working visit to Angola.

In this perspective, the UN Economic Commission for Africa was interested in working with the Angolan Government to create legislation that would attract the private sector to this segment, thereby reducing energy costs for the public sector.

The diplomat at the United Nations said the objective of the partnership with Angola is to help the country reach good economic development indicators in the short term.

The purpose of the United Nations Economic Commission for Africa (ECA) is to support member states in the development of macroeconomic policies for the continent, in conjunction with their national development plans.

Vera Songwe's visit to Angola ends Sunday, May 19.

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