Africa-Press – Angola. The Long Term Strategy (ELP – Angola 2050) foresees an economic model based on the private sector, to contribute to the country’s development process, said this Tuesday in Luanda, the Secretary of State for Planning, Milton Kings.
Speaking at a public consultation meeting with entrepreneurs on the completion of the process of Revision and Extension of the Long-Term Strategy (ELP) 2025 to 2050 (ELP – Angola 2050), he underlined that the referred model presents better intersectoral articulation and an agile adaptation to changes that may arise during the implementation of the ELP.
Milton Reis says that the strategy brings a narrative of economic growth supported by facts, where sectoral priorities are clearly defined, identifying the main drivers of growth and economic impact.
He explained that in 2016 a review of the state of implementation of the Angola 2025 strategy was carried out and it was found that there was leakage in the macroeconomic scenario, as a result of the 2008 crisis that changed the entire scenario that the strategy envisaged.
The strategy foresees that the economy should be supported by the non-oil sector, where the weight of agriculture will increase from 12% to 18% in 2050.
The Angola 2050 Long-Term Strategy is the basic tool for the elaboration of the National Development Plan (PDN), which presents the strategic options for the country’s long-term development, being elaborated based on scenario analysis, for the national levels , sectoral and territorial.
It is a bifocal plan, with a clear vision of what is intended for the country in the future, but clearly and decisively articulating short-term initiatives that ensure the right direction.
The document under discussion predicts that the Non-Oil Gross Domestic Product (GDP-NP) will grow 3.3 times, from 84 to 275 billion dollars (USD), by 2050, with a population of the country estimated at 70 million of inhabitants.
ELP – Angola 2050 also predicts that Non-Oil Per Capita GDP will increase by around 1.2 times, from the current 3,67 thousand to 4,215 thousand dollars, with the support of non-oil exports which are expected to grow 13 times more, going from five thousand to USD 64 billion.
GDP, which currently stands at USD 122 billion, is expected to reach USD 286 billion, which will represent growth of 2.4 times more and the Public Debt will experience a reduction of 6%, from 66 to 60 percent over the GDP.
For the next 27 years, within the framework of Angola 2050, the life expectancy of Angolans will increase by six years, from 62 to 68 years of age, and the mortality rate, between five years, will decrease from 56%, from 71 to 19%. Projections indicate that unemployment will fall by 10% from 30 to 20%.
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