MEP briefing resumes Tuesday

  • Secretary of State for Economy, Mário Caetano
Luanda - Biweekly "Briefings" of the Ministry of Economy and Planning (MEP) on the Production Support, Export Diversification and Import Replacement Programme (PRODESI), resumes this Tuesday, ANGOP has learnt.

According to a press release from that ministerial department, the Secretary of State for Economy, Mário Caetano João, will present the main lines of action of (PRODESI) and the Informal Economy Conversion Programme (PREI) in 2021.

Next Thursday (14), the Secretary of State for Planning, Milton Reis, runs the briefing, to present the themes of the domain of Planning.

The Balance Sheet Report for the Production Support, Export Diversification and Import Replacement Programme (PRODESI 2020), presented in December, states that its implementation and the announcement of a USD 6 billion (approximately AKZ 3.9 billion) relief which Angola hopes to obtain by June 2023, in public debt negotiations with creditors inside and outside the G20, marked the country's economic activity in the year just ended.

In 2020, the programme financed 661 projects (in the order of 55.1 percent), valued at 727 billion kwanzas, according to government data.

During this period, under the Executive Programme, 1,299 projects were submitted to banking, of which 661 were approved.

According to official data, another 191 are in negotiations, with PRODESIi allowing the creation of 54, 241 jobs and the registration of 4,000 producers.

The implementation of the programme allowed the reduction of imports and the substitution of imported products, for national production, which increased the production of basic products, such as potatoes, corn, cereals, roots, tubers, vegetables and eggs.

During 2020, 1,033 contracts were reported under Presidential Decree 23/19 and as part of  Trade and Distribution Operators, with the National Directorate of External Trade (251), industry (43), fishing and aquaculture (25), trade and distribution operators (288) and cooperatives (272).

As for the debt forgiveness initiative, it resulted from the solidarity of the multilateral and bilateral partners who, observing the pressure and consequences of Covid-19 on the economy, agreed to negotiate a public debt reform process.

According to a press release from that ministerial department, the Secretary of State for Economy, Mário Caetano João, will present the main lines of action of (PRODESI) and the Informal Economy Conversion Programme (PREI) in 2021.

Next Thursday (14), the Secretary of State for Planning, Milton Reis, runs the briefing, to present the themes of the domain of Planning.

The Balance Sheet Report for the Production Support, Export Diversification and Import Replacement Programme (PRODESI 2020), presented in December, states that its implementation and the announcement of a USD 6 billion (approximately AKZ 3.9 billion) relief which Angola hopes to obtain by June 2023, in public debt negotiations with creditors inside and outside the G20, marked the country's economic activity in the year just ended.

In 2020, the programme financed 661 projects (in the order of 55.1 percent), valued at 727 billion kwanzas, according to government data.

During this period, under the Executive Programme, 1,299 projects were submitted to banking, of which 661 were approved.

According to official data, another 191 are in negotiations, with PRODESIi allowing the creation of 54, 241 jobs and the registration of 4,000 producers.

The implementation of the programme allowed the reduction of imports and the substitution of imported products, for national production, which increased the production of basic products, such as potatoes, corn, cereals, roots, tubers, vegetables and eggs.

During 2020, 1,033 contracts were reported under Presidential Decree 23/19 and as part of  Trade and Distribution Operators, with the National Directorate of External Trade (251), industry (43), fishing and aquaculture (25), trade and distribution operators (288) and cooperatives (272).

As for the debt forgiveness initiative, it resulted from the solidarity of the multilateral and bilateral partners who, observing the pressure and consequences of Covid-19 on the economy, agreed to negotiate a public debt reform process.