Angolan Presidents Iterates Commitment To Market Economy
Umer Jamshaid Published February 18, 2021 | 06:00 PM
LUANDA, (UrduPoint / Pakistan Point News - 18th Feb, 2021 ) :Angolan President Joao Lourenco on Thursday iterated his government's commitment to establish and consolidate a society featuring the rule of law and a market economy.
Lourenco made the remarks at the opening of the 44th session of the board of governors of the International Fund for Agricultural Development (IFAD) held via video-conference.
He said the Angolan government intends to diversify the national economy and change, in definitive terms, the economic structure of the country which is very dependent on oil resources.
Angola has developed several initiatives to improve the business environment to attract more direct local and foreign private investment, Lourenco said, underscoring the need to promote growth of the non-oil sector to create more jobs and increase income and well-being of its citizens.
The Angolan President said the government is paying special attention to agriculture, agro-industry, fisheries, extractive and manufacturing industries, construction, tourism and other labor-intensive sectors.
"We are making a great effort to revitalize and develop agriculture in Angola, so that we can reduce our great dependence on food imports," he said.
Related Topics
Recent Stories
PM takes notice of deliberate delay in tax cases
Iranian President visits Allama Iqbal’s mausoleum
Iranian President arrives in Lahore today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 23 April 2024
Today Gold Rate in Pakistan 23 April 2024
Islam enlightened world with its teachings about knowledge: Dr Jamileh
Record London close as oil prices drop on easing Middle East fears
TV tower in Kharkiv struck as Russia captured village
LCCI language courses from May 1
Governor for service oriented governance in Punjab
Survivors tell of panic at C.Africa river boat disaster
Enrolment campaign, awareness walk held in Lower Chitral
More Stories From Miscellaneous
-
Iranian president Raisi given guard of honour at PM House
1 day ago -
Intellectuals, writers accolades Naseer Mirza on his literary contribution
2 days ago -
Bahawalpur Adabi Sangat hosts memorable mushaira
2 days ago -
Cattle farming vital to alleviate poverty in rural areas
2 days ago -
Pakistan: A land of tourism, archeological wonders
2 days ago -
Transforming education sector: from job hunters to job creators
4 days ago
-
Amjad Bobby remembered on 19th death anniversary for timeless contributions to music
8 days ago -
Legendary actor Nadeem’s 26 films released on Eid-ul-Fitr days in 50 years
9 days ago -
Besant Hall Cultural Centre to celebrate evening with Sanam Marvi on 26 April
9 days ago -
Radio Bahawalpur presents program “Eidi Shidi”
12 days ago -
Radio Bahawalpur to broadcast Eid programs
14 days ago -
DC, DPO Haripur inspect bus terminals to review fares compliance
16 days ago