Economic Stability Main Challenge for Angola

By Eddyson Lugangwa Posted 07 October 2006 @ 11:04 am EET     Print     Reprint     E-Mail     Comments

One of the main challenges of the Angolan government is the consolidation of macro-economic stability, which can pave the way for investment and win the confidence of the business class, officials have said.

Addressing a businesses symposium between the U.S./Angola Chamber of Commerce and Industry on Thursday, the assistant to theprime minister Aguinaldo Jaime said that it is the government's intention to create conditions for the investment that fits into the rehabilitation process of infrastructure underway in the country.

According to the official, it was within this framework that the government decided to implement the credit line policy, in a process meant to diversify the Gross Domestic Product (GDP) and toboost the non-mineral sector.

He also defended the need to revive the non-mineral sector to, among other objectives, generate more jobs. The event gathered representatives from national and U.S. firmsas well from the governments.