Government of Angola says economy grows 2.7 pct in 2009

18 March 2010

Luanda, Angola, 18 March – Angola’s economic indicators remained stable in 2009 with the economy growing 2.7 percent in real terms due to the expansion of the non-oil sector, according to a report approved Wednesday by the Angolan government.

The document approved by the Permanent Commission of the Council of Ministers showed that the oil sector contracted by 5.1 percent.

Accumulated inflation in 2009 was 13.9 percent (slight above the estimate of 12.5 percent) and there was an accumulated depreciation of the national currency of 18.93 percent on the interbanking market and 28.4 percent on the Luanda black market.

At Wednesday’s meeting the Permanent Commission approved the schedule of the main measures for macroeconomic and structural management to be carried out this year, as well as the respective programme for the second quarter of this year.

In the water sector the Permanent Commission reviewed the report on the execution of the “Water for All” programme for 2009 and approved the revised plan of action.

The “”Water for All” programme aims to supply drinking water to the country’s rural areas, via construction of small supply systems, seeking to reach a rate of coverage of 80 percent.

According to the official figures, at least 2.3 million people have so far benefitted from the programme, which is the equivalent of 33 percent of the rural population.

The revised plan of action aims to supply drinking water to over 3.6 million inhabitants by 2012. (macauhub)