China-Africa: Chine ready to increase financial cooperation with Angola
Luanda – The Angolan deputy minister of Foreign Affairs, Exalgina Gamboa, said Friday in Luanda that the country’s authorities received the announcement that China is ready to increase the financial cooperation, through the granting of one more loan.
Exalgina Gamboa was speaking at the opening of the 4th session of the Angola-China Bilateral Commission.
According to the deputy minister, the Chinese authorities are also ready to grant an additional non-refundable loan which, she added, confirms the Asian nation’s readiness to increase the volume of financial cooperation and expand existing technical cooperation programmes.
The official stated that the Angolan Government will continue honouring its commitments and is engage in continuing the programme of institutional reforms, while demanding a stricter management of the public expenditures.
As she said, measures to maintain the macro-economic stability and positive economic growth rates are being adopted.
According to her, the environment of comprehension and openness around the works of preparation of the session show that the two countries are on good path towards the continued strengthening of the programmes underway, and relaunch of new areas of
cooperation.
She reaffirmed the Angolan authorities political will to negotiate new cooperation accords in the domains of agriculture, industry, science and technology, environment and social assistance.
In his turn, the Chine minister of Commerce, Jiang Zengwei, said that his country’s authorities are happy with the trend the cooperation with Angola is taking and the active role the Chinese firms are playing in the national reconstruction process.
In view of the world financial crisis, the Chinese official stressed the need for a combination of effort between the two countries.
Jiang Zengwei added that the visit Angolan head of State, José Eduardo dos Santos, paid to China, in December 2008, contributed to further strengthen the friendship between the two countries.
However, the Chinese minister spoke of the need for the two countries to finalise a reciprocal investment protection accord.
(portalangop.co.ao)
Tags: Angola