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Angola - Monthly Economic Review - March 2013

13-May-2013

he Bank’s Regional Director for South Region ”B”, Chiji Ojukwu and the ResRep in the Angola Field Office, Septime Martin, were received on the 4th of March, 2013 by the Minister of Planning and Governor of the African Development Bank (AfDB) in Angola, Dr. Job Graça. Mr. Ojukwu and Governor Graça discussed issues related to cooperation between the AfDB and Angola, as well as the macroeconomic and socio-economic situation in the country, in particular, the need to ensure rapid economic diversification in order to promote employment and sustainable inclusive growth. Mr. Ojukwu commended the authorities for the peaceful elections and implementation of sound macroeconomic reforms and informed the Governor on the Bank new Long-Term Strategy 2013-2022 which focus on inclusive growth and transition to green economy. He also presented the key pillars of the Angola’s 2011-2015 Country Strategy Paper - the promotion of private sector competitiveness, and economic infrastructure - and requested Minister’s support in the approval of outstanding operations, namely, the Artisanal Fisheries Support Project and the Transport Sector Master Plan Update. In addition, the Director invited the Governor to attend the 2013 Annual Meetings to take place in Morocco and requested government support for the upcoming Mid-Term Review of the CSP which will start in April, 2013. In response, the Governor praised the Bank and reassured his commitment to clear all outstanding requests as well as provide support to the CSP process and promised to attend the Annual Meetings.

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