The IMF's vision is 2.4 percent this year and 2.8 percent in 2025, last week the World Bank pointed to economic growth of 3.2 percent this year and 3.9 percent in 2025, "but our forecasts are 3.3 percent this year and 4.1 percent in 2025", said Victor Hugo Guilherme in an interview with the Lusa agency in Washington, within the scope of the Annual Meetings of the International Monetary Fund (IMF) and the Bank World Cup, which take place in the North American capital.
The IMF's lower forecasts are explained, says the minister, because in terms of counting the Government made "quarterly assessments, and the IMF and the Bank do not do so, and during the first and second quarters Angola had growth of 4.6 per cent and 4.1 percent", which is why the Angolan authorities' forecasts "go to 3.3 percent" this year.
The Fund, he adds, "did not take into account the performance of the Angolan economy in the first half of the year, it almost maintained what it had already predicted, while the World Bank is much closer, it is one tenth this year and two tenths for 2025, perhaps because looked at the behavior of the first semester to project next year".
On a more general level, Victor Hugo Guilherme highlighted the efforts that Angola is making in diversifying the economy, still centered on oil, and believes that the bet will bear fruit so that Angola is at the level, or above, the continent's growth average, which this year is expected to be 3.6 percent, accelerating to 4.2 percent in 2025.
"An effort is being made to diversify, little by little we are forgetting about oil, especially because every time there is a war, it affects oil, and we are giving more focus to the production sector, to the issue of cargo transportation," he said.
Furthermore, he added, "the manufacturing industry is in the pipeline, so with agricultural levels as they are, and other sectors rising, we will be aligned with the continent's forecasts and perhaps even higher", predicted the ruler, showing is convinced that "measures to support the private sector will allow the economy to grow more in the coming years."
