(Ecofin Agency) - On Wednesday February 14, 2018, the Angolan parliament approved the 2018 budget which is $45.69 billion. This was revealed in a statement issued by authorities.

According to Reuters’ reports, the State forecasts a 4.9% economic growth, well beyond the estimate (1.6%) of International Monetary Fund (IMF). This rate is driven by various strategies of economy diversification and improvement of the business climate implemented by the government.

 For instance, in January, for the first 100 days of his presidency, Joao Lourenço announced the implementation of about twenty mining projects. These projects whose goals is to reduce the country’s dependence on oil should boost economic growth.

The government has also announced it could reconsider the priorities of this year if necessary. It also expressed the need to reduce public debt currently at $ 38.06 billion.

Moutiou Adjibi Nourou (intern)