According to a statement from the Ministry of Finance, the official, speaking at a seminar on the Challenges of Operationalization of Monetary Policy, held by the Office of Studies and International Relations of the Ministry of Finance, praised the initiatives that the Government has implemented as well as the realization of the reforms that were imposed, of which the current exchange rate regime, the operational independence of the Central Bank and the control of inflation targets are highlighted.
Cited in the note, the deputy director of ATI said that "Angola is on the right track", admitting that he sees "a very favorable development".
"Angola is on the right track, I see a very favorable development with regard to inflation, as the BNA implements this regime and I am sure that it will do so successfully as it has done with other important reforms. I am sure that this regime will bring great benefits to Angola as it has brought to other countries that have adopted this system", he said.
According to the note, the official also defended that the BNA has all the technical conditions created to execute "the regime of important inflation targets that contribute to the annulment of inflationary expectations and that the aforementioned institution has been extremely careful in the reforms that elevate it to the same levels as their international counterparts".
Speaking about the 18 percent that the BNA has set as an inflation target for this year, Carlos Resende admitted that it is "another step by the authorities, which represents an important structural reform of the economy and which will boost the development of the country as a whole."
He also drew attention to the "need to value structural issues capable of reversing low growth and crisis situations, which often overlap with monetary policy issues, since this is not always strong enough to affect the structure of the economy ", the statement reads.
The Secretary of State for Finance and Treasury, Ottoniel dos Santos, senior staff from the Ministry of Finance, among others, were also present at the seminar.
