The proposal approved by the Economic Commission of the Council of Ministers, to which Lusa had access, "aims to improve competitiveness in attracting private investment", especially foreign direct investment with the participation of multinationals.
As a result of this change, the new contractual regime will allow the negotiation of incentives and facilities taking into account "the specificities of the investment projects, the social and economic impacts resulting from their implementation, the contribution to the promotion of national production and the diversification of exports".
This Tuesday's meeting also approved the Report and Accounts of the National Bank of Angola (BNA) for the 2019 financial year, as well as the report on the origin and destination of foreign currency for the 1st quarter of 2020, with a summary of the performance of international reserves.
The Economic Commission also assessed the proposed notice of the exchange rate regime applicable to the diamond industry, which establishes the regime applicable to entities that carry out the exploration, cutting and/or any type of processing of diamonds, as well as their marketing.
The Economic Commission of the Council of Ministers of Angola also assessed the legislation that will regulate the concession of airport services in the country, according to the final communiqué of the meeting.
According to the document, to which Lusa had access, the draft presidential decree on the concession of airport services in support of civil aviation, which establishes the rules for the conclusion of concession contracts for these services, including their operation, maintenance, financing and expansion, was discussed at the meeting.
The overall strategy for the sector was also appraised, which aims, among other objectives, to promote the growth of civil aviation and transform Angola "into an important hub in the sub-Saharan African region".
The strategy also aims to promote foreign direct investment in the airport sector, reinforce security in operations, guaranteeing the conditions of infrastructure, equipment and necessary resources, align the regulatory and tariff framework of the civil aviation sector with the best international practices and promote the economic-financial and social sustainability of the system.
