News Column

Angolan President Discusses Financial Cooperation With AFDB CEO

July 28, 2014

The Angolan Head of State, JosÉ Eduardo dos Santos, received in audience on Monday at Luanda?s Presidential Palace, the CEO of the African Development Bank (AfDB), Donald Kaberuka, with whom he discussed issues related to the cooperation between Angola and this banking institution, as well as the development of the continent in its generality.

At the end of the audience, the AfDB CEO said to the press that Angola is the greatest economy of Sub-Saharan Africa under development and AfDB would like to participate in this ongoing process, fundamentally in the deep reforms that Angola has experienced in the macroeconomic sector and other fields.

According to Donald Kaberruka, the meeting with President JosÉ Eduardo dos Santos also aimed to analyse issues related to the main baselines of reducing the rates of poverty, inequality and other lines related to the development.

He said that the issues related to combating poverty and inequality is crucial for the development of the African countries.

The audience was attended by the Angolan Finance Minister, Armando Manuel.

The African Development Bank Group (AfDB) is a multilateral development finance institution established to contribute to the economic development and social progress of African countries. The AfDB was founded in 1964 and comprises three entities.

The AfDB's mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region. The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC).

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Source: AllAfrica

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