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Angola predicts unemployment rate reduction by 2050

     Economy              
  • Luanda • Monday, 22 May de 2023 | 15h41
Centro Integrado de Emprego e Formação Profissional (Foto ilustração)
Centro Integrado de Emprego e Formação Profissional (Foto ilustração)
Leonardo de Castro-ANGOP

Luanda – Angola expects to create about 18 million new jobs to reduce the unemployment rate from 30% to 20% by 2050, the Secretary of State for Planning Milton Reis said Monday in Luanda.

Speaking during a public hearing to International Organizations, Development Agencies and Diplomatic Missions, to finalize the process of Review and Extension of the Long-Term Strategy (PLA) 2025 to 2050 (ELP - Angola 2050), he stressed that it is a “great” challenge to reduce the unemployment rate by a third.

“If it were up to us, we would like to have a rate below 5%, but with the demographic explosion that the country is going to see, we are predicting that it will be challenging to achieve this rate reduction,” he said.

Milton Reis said that the strong bet on infrastructure will allow harmonious development, because it will make the services are in other parts of the country, without there being flow in large cities.

The Long-Term Strategy is the basic tool for the elaboration of the National Development Plan (NDP), which presents the strategic options for long-term development of the country, being elaborated based on scenario analysis, for the national, sectoral and territorial levels.

The Long-Term Strategy - Angola 2050 is a bifocal plan with a clear vision of what is intended for the country in the future while articulating the short-term initiatives to ensure the right direction to achieve the foreseen goals.





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