Africa-Press – Angola. Standard Bank’s chief economist for Angola, Mozambique and the Democratic Republic of Congo (DRC), Fáusio Mussá, suggested, this Tuesday, in Luanda, the need for Angolan economic agents to further expand their commercial exchanges, to reinforce the collection of foreign exchange in the country.
By participating in the presentation ceremony of the Report on the “Regional economic perspectives for Sub-Saharan Africa: A timid and expensive recovery”, carried out by the International Monetary Fund (IMF), the specialist recognized the efforts of the Angolan Executive to improve the business environment, highlighting the importance of private investment for economic growth.
According to the economist, the advances made in the Angolan economy demonstrate that it is possible to implement economic policies to improve the lives of the population.
On the other hand, Fáusio Mussá also pointed out the need to invest in education and improving teaching, to increase trained technicians in various sectors of the country’s economy.
“Angola cannot be left behind in relation to the rest of the world, there is a need to improve aspects of education with a focus on technologies and other sectors”, he added.
In turn, the European Union ambassador to Angola, Rosário Bento, considered it essential that the country begins to develop products that can be exported, with a view to increasing currency that brings local economic growth.
According to the diplomat, the country is on the right track in terms of economic reforms, a structural process that takes some time to reap its rewards.
He also highlighted the need to develop the economy through economic diversification, which is one of the priorities of the Angolan Executive.
Rosário Bento assured that this challenge is also part of the priorities of the EU program for Angola, with a budget of 275 million euros for 2021/2024.
In addition to economic diversification, this value also covers the Lobito Corridor, with 43 million euros, electrical energy and agriculture, which is expected to train nearly 60 thousand citizens nationally, in addition to creating jobs for young people and women, as well as governance.
On the other hand, the ambassador pointed to the presentation of the Report on the “Regional economic perspectives for Sub-Saharan Africa: A timid and expensive recovery” as an instrument with a very clear vision of what is necessary for economic stability and the need to invest in finance public.
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