Angola Needs Economic Diversification
World Economy

Angola Needs Economic Diversification

The International Monetary Fund has reiterated that the Angolan executive needs to diversify its economy, with a view to widening the sources of revenue and decrease dependency on the crude-oil sector, AllAfrica reported. According to the IMF head of the Africa Division, Ricardo Velloso–who has made an assessment of his two-week work visit to Angola, at a press conference held in Luanda–besides the diversification of the economy it is fundamental for the country to adapt its level of expenditure. He went on to say that the adaptation of the expenditure level has to be done in the ambit of the state’s general budget.


Short URL : https://goo.gl/3BJKzl
  1. https://goo.gl/0TVnpx
  • https://goo.gl/fI0GHk
  • https://goo.gl/fq1KTU
  • https://goo.gl/4v7ksn
  • https://goo.gl/wnJFb7

You can also read ...

Malaysia Economy Set to Grow
Malaysia’s economy is set to grow this year with gross...
The high resolution MRI, CT, and sonogram images underpin advances in medical diagnosis.
The growth in labor productivity – real output per hour worked...
Based on the index  gas, fuels, water and housing, especially  sub-indexes, declined by 2.4% year on year in July.
Subdued demand due to cash shortages in Zimbabwe has resulted...
Growth is forecast at 2.2% in 2017, down from  a previous projection of 2.8%.
UAE’s real GDP growth will slow in 2017, owing to oil...
EU heavyweights France, Germany and Italy argue that there is growing evidence of discrimination, especially by state owned companies and a determined Chinese strategy to secure the most modern European technologies in key industrial sectors.
Both Brussels and Washington are taking steps to force China...
Pak Current A/C Deficit Widens
Pakistan posted a glaringly high current account deficit of $2...
German Investor Morale Slumps
German investor confidence fell sharply in August, amid...
The surge in European stocks pushed up the MSCI world equity index.
European stocks broke a three-day losing streak on Tuesday,...