'Economic diversification strategies – the paradigm of reducing imports versus generating exports' was the theme of the second economic briefing, the conclusions of which were presented in a session that brought together clients and investors for an analysis of economic prospects.
According to Standard Bank's research team, Angola has recently shown signs that it intends to accelerate economic reforms to reduce dependence on oil and increase the resilience of the economy, and, to fulfill this objective, the country has the support of development partners.
The conclusions of the economic briefing reveal that Angola must "seek to generate fiscal surpluses and the current account of the balance of payments, to serve as buffers to the shocks to which this economy is subject, due to the high dependence on oil", said Fáusio Mussá, chief economist from Standard Bank to Angola and Mozambique.
