Ver Angola


José de Lima Massano warns of challenges but says that “slowing down” in economic growth is not allowed

In Washington, where he participates in the well-known 'Annual Meetings' of the World Bank (WB) and the International Monetary Fund (IMF), the BNA governor did not fail to highlight the work carried out by the Executive, warning, however, of the challenges facing the country still have to face.


José de Lima Massano was speaking at the end of a three-forum marathon, in which he met with Citigroup, Standard Chartered Bank and Barclays Bank. The official said that Angola is going through a positive phase, taking into account the recovery of economic growth, the reduction of inflation and the stability of the foreign exchange market.

"But even so, we are in a context of great challenges and concerns related to the international context", he warned, quoted by Angop.

According to the governor of the National Bank of Angola (BNA) – taking into account the interaction with investors and organizations in the USA – the major global concern is the general rise in prices and interest rates, as well as the prospect of slower growth in the economy. world economy, which should also impact the Angolan economy.

"Oil, Angola's biggest export product, will be affected in the event of an economic slowdown," said the head of the central bank.

Lima Massano also highlighted the need for the Executive to continue the work on macro-economic stabilization, reinforcing at all costs the sustained growth of the economy. He also mentioned, quoted by the same source, that firmness in the reforms is necessary for there to be an improvement in the business environment. "It is not allowed to slow down, because the future is one of uncertainty for developed and underdeveloped countries," he said.

As fundamental, he considered that Angola should reduce imports of foodstuffs, a field that has been progressing, largely due to the increase in domestic production. He said that until 2017, Angola imported around US$250 million/month of food, with this value reduced to the current US$200 million.

The governor ratified that the country must use the potential and means it has available, in order to accelerate programs and give sustainability to economic development and well-being.

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