Luanda – Portugal Prime Minister Luís Montenegro, announced Tuesday in Luanda that the credit line for Angola, currently set at 2 billion euros, will be added a further 500 million euros.
The head of the Portuguese government announced the increase while speaking at the opening of talks between the Angolan and Portuguese delegations during his official visit to Angola that started Monday, at the invitation of the African nation’s president João Lourenço.
Luis Montenegro said the credit line remains open, since “we still have a significant amount of money”, whose processes for which the money should be used are still being assessed.
For Luís Montenegro, the credit line will help Portuguese companies operating in Angola and the government to make investments in infrastructures and other areas that can help diversify the Angolan economy and create conditions for the country's development.
On the other hand, he said that being in Angola, three months after being elected as Prime Minister, means that Portugal gives the highest priority to cooperation between the two countries, due to the bonds of friendship and the incessant historical connection since the country gained its independence.
The Prime Minister pointed to the sectors of education, justice, culture, preservation and promotion of the Portuguese language, as well as the economic sector, as the main areas of cooperation that have essentially focused on the well-being of both peoples.
It is in this spirit that Angola and Portugal have signed various agreements to maintain cooperation, so that both peoples can have greater hope, capacity, wealth and social justice.
On the subject of economic relations, he said that Portugal's 24th constitutional government will continue this partnership and will create a new “great impetus” for its growth. “We are partners with Angola at all times and vice versa. In difficult times and in times of success” Montenegro said.
The Portuguese Premier highlighted the support provided by the government and Angolan companies at a time when the Portuguese economy was struggling.
Angolan president, João Lourenço, on his turn , said he was grateful for the increase in the credit line, underlining that the destination for the money has already been defined, without going into details.
The talks resulted in the signing of twelve agreements in the fields of finance, tourism, public administration, health, culture, education and staff training, among others. ART/TED/AMP
