President of Angola announces Brazilian funding for infrastructure projects

25 January 2018

Brazil will soon resume lines of credit to Angola, with the priority of covering the sectors of “large public works,” Angolan President João Lourenço said in Davos, Switzerland, after a meeting with his Brazilian counterpart Michel Temer.

The financing, in undisclosed amounts, as previously will be provided by the National Bank for Economic and Social Development of Brazil (BNDES), according to the Portugal Digital website.

Lourenço pointed out, among the priority projects, infrastructure in the construction, energy and water sectors, mainly hydroelectric dams.

In this regard, the Angolan head of state announced that Finance Minister, Archer Mangueira, would travel to Brazil in the next few days, with his counterpart, to start working on this.

The Angolan President also announced his first official visit to the South American country, probably next May, following an invitation from Temer.

The two heads of state met in Davos on the sidelines of the 48th World Economic Forum. (macauhub)