Angola wants help to develop the private sector

World Bank Deputy President for Africa Makhtar Diop. ARNALDO VIEIRA | NATION MEDIA GROUP 

The Angolan government wants the World Bank to help it conduct a study to identify the impediments to its private sector's development.

Finance minister Archer Mangueira said the support would help reduce Angola's dependence on imports.

Mr Mangueira made the appeal during talks with the World Bank Deputy President for Africa, Mr Makhtar Diop, who arrived in Angola on Tuesday for a three-day visit.

Mr Diop Wednesday held talks with President João Lourenço, during which he promised budgetary support to the southern Africa state.

Bilateral ties

The Word Bank boss pledged more financial support especially in education, health, agriculture, energy and waters sectors.

He said the WB the disbursement would be made after an evaluation.

The tightening of bilateral ties with the Luanda government was also discussed.

“It is an agenda aimed at economic development boost, poverty reduction, structural changes, economic diversification as well as social and economic inclusion,” Mr Diop said.

The second time

Meanwhile, President Lourenço on Monday appointed Mr José de Lima Massano as the new National Reserve Bank (BNA) Governor.

The president said Mr Massano has the responsibility to make the country's banking system meet the standards of the international financial institutions.

Mr Massano replaced Mr Valter Filipe.

It is the second time Mr Massano was taking up the BNA stewardship, having first been appointed by former Angolan President José Eduardo dos Santos from 2010 to 2013.

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