Home » News » Angola presents the potential of the Lobito Corridor at the BM and FM meeting – Jornal OPaís

Angola presents the potential of the Lobito Corridor at the BM and FM meeting – Jornal OPaís

The country’s macroeconomic framework was presented, in Morocco, to the World Bank (WB) and the International Monetary Fund (IMF) by the government, as part of the process of capturing investment opportunities in the real economy sector, especially for the Lobito Corridor

The Angolan delegation, led by the Minister of Finance Vera Daves de Sousa, made up of the Minister of Economy and Planning, Mário Caetano João, and the governor of the National Bank of Angola (BNA), Manuel Tiago Dias, was present at the statutory and bilateral meetings, with the WB’s vice-president for Central and Southern Africa, Victória Kwakwa, in Marrakech, Morocco. At the event, the ministers and the governor of the BNA presented the current macroeconomic framework to investors and ensured that the country is in a position to fulfill its international commitments.

The Minister of Economy and Planning, Mário Caetano João, considers the meetings to be fruitful, with the parties involved in the search for partnerships for development, having called for more financing for the production and distribution of electrical energy in Africa. He added that, in the meeting with Victória Kwakwa, “we managed to put our portfolio of projects with the World Bank, including statistics, with around 60 million dollars”. Mário Caetano João recalls that the country also managed to approve the “project diversifies more”, to be implemented along the Lobito Corridor, focused on improving the business environment, developing and promoting economic activity along the corridor.

According to the minister, it also involves the development of the most diverse logistics platforms, so that they can function as areas of promotion for the demand for products from the agribusiness sector. The Minister of Finance, Vera Daves de Sousa, announced that the governors of the development, monetary and financial committee participated in the statutory meetings. She added that the Angolan delegation also attended a series of seminars, debate panels and round tables. He highlighted the fact that there was a lot of debate surrounding the reforms of multilateral financial institutions, “to make them adaptable to current challenges, closer to the African continent, with the aim of having a greater voice in these institutions, at the level of top management , the governor’s council, and debt challenges.”

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