Africa-Press – Angola. The deputies of the Commissions for Economy and Finance and for Constitutional and Legal Affairs of the National Assembly approved, with 24 votes in favour, 14 abstentions and no votes against, the reappointment of José de Lima Massano for another six-year term as Governor of the Bank National of Angola.
The objective of the hearing was to assess the suitability, management capacity, knowledge, technical competence and recognized experience in economics, law, accounting, banking, finance and management, considering the complexity and characteristics and specificity of the functions of Governor of the National Bank of Angola, in accordance with the provisions of article 51 of Law no. 24/21, of 18 October – Law on the National Bank of Angola.
The fact happened, Tuesday, during a meeting for the approval of the Joint Opinion Report of the Prior Hearing of the candidate proposed by the President of the Republic, João Lourenço.
During the hearing, questions were presented by the deputies present at the session, related to the development of monetary policy, with emphasis on the foreign exchange market, future expectations for the development of macroeconomic indicators, with particular attention to inflation levels, treatment of questions related to credit to the economy and extension of access to banking services.
The deputies were unanimous that the candidate nominated by the President of the Republic to exercise the role of BNA Governor meets the legally required requirements.
They also concluded that José de Lima Massano does not have any incompatibility and impediments legally provided for in the Law.
Deputy António Paulo, vice-president of the Constitutional and Legal Affairs Commission (1st CTE), declared to the press that the parliamentarians recognize the technical competence and suitability of the candidate José de Lima Massano, for the post of Governor of the National Bank of Angola, hence are in favor of this renewal proposal.
António Paulo explained that this approval will be sent to the President of the National Assembly, who in turn will send it to the Holder of the Executive Power, who confers the legitimacy to nominate the Governor of the BNA.
As candidate for BNA’s main manager, José de Lima Massano, promised that he will continue to work to achieve resilience in the Angolan financial system and for price stability, believing in a more competitive and solid economy.
He revealed that the BNA has national reserves estimated at around US$13.5 billion, with import coverage for around 13 months, considering it the highest in Africa.
The leader took the opportunity to warn about the existence of high expenses with the importation of products that can be produced internally, such as palm oil, beans, rice, chicken thighs, among others.
He added that the recent depreciation of the kwanza against the dollar and the euro has to do with the decline in oil imports, a commodity that fell by more than 16 percent, “which had a significant impact on the supply of foreign currency”.
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