Luanda – The State Secretary for Planning Milton Reis announced on Friday in Luanda that the government plans to approve sectoral and provincial development plans in line with the Long-Term Strategy (LTS - Angola 2050) and the National Development Plan (PDN) 2023-2027.
Speaking at the usual briefing of the Ministry of Economy and Planning (MEP), he stressed that the next steps will be to standardise the instruments of the National Planning System, after the approval of the PDN, LTS - Angola 2050, followed by the preparation of the State Budget, which is underway.
According to the official, the approval of sectoral development plans and provincial development plans will depend on the agenda of the Council of Ministers.
Milton Reis said that the government was going to start working on the land-use planning instruments, the national land development plan and the provincial plans, so that the municipalities can have a solid basis for implementing the municipal master plans. "All the instruments are aligned with our PDN and ELP 2050," he said.
On the other hand, the Secretary of State said that all the partners in the government, international cooperation, civil society, the private sector, academia and others should align their actions to have a positive impact on the implementation of the NDP and LTS 2050.
As an example, Milton Reis cited the Sustainable Investment Facilitation Agreement between Angola and the European Union (EU), approved on Wednesday by the Council of Ministers at its 9th Ordinary Session, chaired by the President of the Republic, João Lourenço.
The agreement began to be negotiated in September 2020 and will be signed on 17 November this year, on the occasion of the Business Forum to be held in the country.
The benefits of the agreement, which has 8 chapters and 58 articles, include ensuring that the economy is less dependent on natural resources, especially energy resources, the internationalisation of the national economy, with the intensification of business between the parties, so that Angola can move closer to the economic partnership agreement that several African countries have been signing, and an improvement in the local business environment.
Available data shows that Angolan foreign direct investment in the European Union is around 3.5 billion euros, and the country exports more than it imports from the EU, mainly oil sector products, valued at 13.3 billion euros over the last three years (2020, 2021 and 2022).
Angola has imported 11.6 billion euros from the EU in the last three years, which means that foreign direct investment is around 14.1 billion euros (2021), the EU's Gross Domestic Product (GDP) is 13.2 billion euros and it has a market of 341 million inhabitants. HEM/AC/DAN/DOJ
