Angolan government focused on cooperation with China “at the right time”

20 November 2012

The “focus on cooperation with China occurred at the right time and has helped transform Angola into a more modern country,” said the director of the Research and Study Office of the Angolan Foreign Relations Ministry said Monday in Beijing.

During an economic colloquium organised by the Angolan Embassy in China, Francisco José da Cruz noted that in 2002 Angola needed to take very specific steps to rebuild the country following the end of the civil war.

“Chinese funding appeared at the right time as, in a country where a war has just ended, if the population does not start to feel the benefits of peace the likelihood of returning to conflict is very high,” he added.

The first Chinese credit line to Angola, worth US$2 billion, was provided in 2004 and since then the total has reached almost US$15 billion.

“Angola is a country on the way to sustainable development,” said José da Cruz cited by Portuguese news agency Lusa. He added that the most attractive sectors for foreign investors were infrastructure construction, agriculture, services and the extractive industries, particularly oil and diamonds. (macauhub)