Africa-Press – Angola. The country needs to mobilize close to US$1 billion for the implementation of the Long Term Strategy (ELP – Angola 2050), revealed this Monday in Luanda, the Minister of Economy and Planning, Mário Caetano João.
Speaking to the press, on the sidelines of consultation with International Organizations, Development Agencies and Diplomatic Missions, on ELP – Angola 2050, he underlined that human capital (education, health and others), infrastructure (production, transport and distribution of electricity ) and diversification are priority issues for the new dimension of economic growth in the country.
Mário Caetano João says it is a monetary value that the economy will need to make the desired leap by 2050, which should be mobilized via foreign direct investment, citizen resources and commercial banking.
The minister indicated that, in the strategy, education should have a cascading impact on other domains, stating that without a more oxygenated human capital, it would be very difficult to have a more participatory governance.
The minister also pointed to the need to pay a little more attention to strengthening pre-school education, “from zero to five years old. “We have to work on nutrition, as it allows the proper formation of the cognitive organs and makes their ability to absorb the necessary information occur without interruption”.
Mário Caetano said that the Government will reinforce the financial products available to the market, micro-credit, PAC, Planagrão, so that they contribute to the natural exodus of those who are in the urban environment, towards the rural environment, with a focus on agro- business.
He highlighted that the objective is to unblock Angola’s economic growth, building a resilient economy that benefits all citizens, being necessary to invest in infrastructure, as it is a driving factor for inclusive economic growth, productivity and social development.
The Long-Term Strategy is the basic tool for the elaboration of the National Development Plan (PDN), which presents the country’s long-term strategic development options, being elaborated based on analysis of scenarios, for the national, sectoral and territorial.
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.
The 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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