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Angola - Monthly Economic Review - November 2012
An African Development Bank delegation headed by the Resident Representative, AOFO, Mr. Septime Martin, held a dialogue meeting on October, 12, 2012 with the Minister of Oil, Eng. José Maria Botelho de Vasconcelos to search for avenues of collaboration in the implementation of the Bank’s strategy. The mission took the opportunity to commend the authorities for the peaceful elections and for the maintenance of sound macroeconomic and fiscal policies that enabled the country to achieve high economic growth rates (about 7% in the past five years) and low inflation (about 9.87% in 2012 down from 102% in 2002).