Direct investment with investors deemed top priority

  • United Nations head-office, New York
Luanda - Angola’s minister of Finance Vera Daves said Monday that the direct investment, prompted by the opening up of a closer relationship with all investors and international creditors, was a top priority.

“We are building future through our reform programme with priority to direct investment, not only with China but also the other partners”, said Vera Daves.

Speaking to the press on the possibility for the country to incur a new loan with China, during a digital event sponsored by the Reuters Financial Information Agency, the official spoke of the new facilities for the Executive’s top priorities with the creditors.

Vera Daves also spoke of the ongoing macroeconomic reforms, with stress to those related to the sustainability of public loan.

“We want to add value to our economy to ensure the creation of jobs. We want money to stay. Lending is an option but we are trying to change the way we connect with our partners”, stated the minister.

She also said that the commitment to direct investment grants the private sector a relevant role, making the business environment more attractive mainly in terms of fighting against  corruption measures. 

“Angola is part of a programme with the International Monetary Fund that demands transparence. Therefore, all progresses achieved on debt negotiations are duly informed to IMF.

“We hope results of this negotiations and the flexibility of the creditors at the end of three years of negotiations, a time that allow us to prepare to start paying back the debt”, noted Vera Daves.

According to her, the Executive wants the Angolan economy to grow up due to the private investment.

“It is not easy, as we are accustomed to a model in which the oil sector is the backbone of the economy. But if we remain stuck in these model we will always face consequences”, said the minister, who defended focus on private sector to contribute for the growth of the economy and create jobs for young people.

 

“We are building future through our reform programme with priority to direct investment, not only with China but also the other partners”, said Vera Daves.

Speaking to the press on the possibility for the country to incur a new loan with China, during a digital event sponsored by the Reuters Financial Information Agency, the official spoke of the new facilities for the Executive’s top priorities with the creditors.

Vera Daves also spoke of the ongoing macroeconomic reforms, with stress to those related to the sustainability of public loan.

“We want to add value to our economy to ensure the creation of jobs. We want money to stay. Lending is an option but we are trying to change the way we connect with our partners”, stated the minister.

She also said that the commitment to direct investment grants the private sector a relevant role, making the business environment more attractive mainly in terms of fighting against  corruption measures. 

“Angola is part of a programme with the International Monetary Fund that demands transparence. Therefore, all progresses achieved on debt negotiations are duly informed to IMF.

“We hope results of this negotiations and the flexibility of the creditors at the end of three years of negotiations, a time that allow us to prepare to start paying back the debt”, noted Vera Daves.

According to her, the Executive wants the Angolan economy to grow up due to the private investment.

“It is not easy, as we are accustomed to a model in which the oil sector is the backbone of the economy. But if we remain stuck in these model we will always face consequences”, said the minister, who defended focus on private sector to contribute for the growth of the economy and create jobs for young people.