financial crisis that is practically affecting the whole planet, and obviously Angola also, our government has already taken precautionary measures to reduce its negative effects”, stressed the Statesman whilst speaking at the Second Germany/Angola Forum.

According to the President, the series of actions to be implemented are based on two essential principles, which are the reduction of dependence on oil and diamonds, through the diversification of the economy and creation of employment, and containing public expenditures.

“Other measures concern replacing imports and boosting exports, making our industry and agriculture more competitive, the promotion of financial flow of strategic public firms, prioritising of investments with assured financing and the creation of a new strategy of trading diamonds, with a greater intervention of the State”, emphasized President Dos Santos. Source: ANGOP 02/27/09