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Angola considers relations with China and other creditors as positive

Luanda, Apr 22 (Prensa Latina) The Angolan Minister of Finance, Vera Daves, considered the country's relations with China and other creditors as positive and transparent, according to an interview published today in Jornal de Angola.

The Minister affirmed that they maintain a permanent and open communication link, which has allowed a fluid and stable exchange in the process of compliance with the commitments contracted.

She commented that at present the debt with China amounts to some 17 billion dollars, ten of them with the China Development Bank (CDB).

This was a key issue in the visit to Beijing last March, led by the president, João Lourenço, where an agreement was reached to make better use of the resources that are in the guarantee accounts for the next 12 months, or at least until December, Daves explained.

‘China is aware that Angola has to continually strive to diversify its economy, continually strive to strengthen its fiscal revenues and also that any new financing must be carefully allocated so that the capacity to meet its commitments is maintained,’ he pointed out.

Daves added that on this path one of the country’s objectives is the attraction of private investments, hence during the visit to the Asian nation they devoted considerable time to encourage Chinese investors and businessmen to approach the Angolan market.

The minister emphasized that the Executive is working to maintain the sustainability of the debt and to continue fulfilling the commitments undertaken.