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Politics

João Lourenço wants kwanza appreciation and inflation control

The President of the Republic, João Lourenço, hopes that Manuel Tiago Dias – who took office this Monday as governor of the National Bank of Angola (BNA) – will put the BNA to fulfill the mission of keeping the kwanza strong and controlling inflation.

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At the ceremony, the head of state swore in the new governor of the National Bank of Angola (BNA), Manuel Tiago Dias, and a new member of the Economic and Social Council, Rui Malaquias.

Continuing the work of José de Lima Massano, former governor of the BNA and now Minister of State for Economic Coordination, was what João Lourenço asked the new governor of the central bank.

The President hopes that Manuel Tiago Dias, "an old and experienced staff member", will put the BNA to fulfill the mission of keeping the kwanza strong – in sharp depreciation in recent weeks – and of controlling inflation.

"Because only with correct BNA policies will we be able to have a strong economy as well", he noted.

He also said that it was not a mere coincidence that he swore in on the same occasion the governor of the BNA and a member of the Economic and Social Council, an "extremely important body" that brings together a group of "thinking minds" in terms of the economy.

"In the same way, they will certainly contribute so that we can fulfill our main mission, when talking about the Angolan economy, which is clearly to be able to diversify our economy", he maintained.

For João Lourenço, the diversification of the Angolan economy "is something that has been talked about a lot" and acknowledged that "there is still much more to be done".

"In other words, in terms of economic diversification we are very far from being satisfied", he stressed, asking for joint work towards this objective, which he classified as "the salvation" of the country.

In another ceremony, also held this Monday, the President defended the need for the Court of Auditors (TdC) to avoid too many visas in works for public infrastructure, considering that there will be occasions when a prior TdC visa will be unnecessary.

Addressing the new presiding judge of the TdC and the other judges of that body, sworn in this Monday, João Lourenço said that his executive is at a good pace in the construction of infrastructures and plans to accelerate even more.

He appealed to the advisory judges of the Court of Auditors and, in particular, its presiding judge, Sebastião Domingos Gunza, to create greater capacity so that the body can keep up with the pace of work of its executive.

"See in which situations the Court of Auditors' visa must be a prior visa, but there will certainly be cases in which, perhaps, there will be no need for a prior visa", noted João Lourenço.

"We would not like to see the Court of Auditors appearing to public opinion as a strangling factor in our pace of project execution", he signaled, particularizing the infrastructures of the energy, water, health and education sectors.

This Monday, the President swore in Sebastião Domingos Gunza as the chief judge of the TdC (who, also this Monday, retired as chief commissioner of the National Police), four other judges of this body and a counselor judge of the Supreme Court.

Manuel da Cruz Neto, Sebastião Jorge Diogo Bessa, Armindo Gideão Kinjiquisse Jelembi and Januário José Domingos (Court of Auditors) and Carlos Alberto Cavuquila (Supreme Court) are the judges who were also sworn in at the ceremony, which took place at the Presidential Palace.

João Lourenço, in his speech, also referred that his Government is committed to continuing to execute a set of essential projects in different sectors, urging TdC magistrates to keep up with the speed of the executive.

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