Government of Angola wants to absorb informal economy into the formal economy

25 July 2018

The Angolan government has identified the policies and programmes that will allow the gradual integration of the informal economy into the formal one, taking into consideration the importance of the informal sector in the economy as a whole, said on Tuesday in Luanda the minister of Economy and Planning.

Minister Pedro Luís da Fonseca, speaking at the closing of the two-day roundtable on the informal economy, noted the business environment, competitiveness and productivity policy and the employment and the improvement of working conditions policy, the latter aimed at converting the informal economy.

Cited by the Angop news agency, Fonseca said that part of the informal sector would have a natural tendency to disappear, as economic crises are resolved, the productive sector grows and the state becomes more organised.

The roundtable discussed the importance of the informal sector in sub-Saharan African countries, informality and the labour market in Angola, characteristics of informality in Angola, professional qualification, tertiarisation and reduction of informality. (macauhub)