It is from Bali, in Indonesia, that Mário Caetano João, Minister of Economy and Planning of Angola, answers the questions of Young Africa. At the beginning of October, he is attending the third edition of the World Conference on the Creative Economy (WCCE), an international meeting created in 2018 by the Southeast Asian country to value the potential sectors based on creativity and innovation, including the cultural industry, new technologies and tourism.
“Indonesia is one of the countries with which Angola has an interest in working more, given its experience in the creative economy and, more broadly, in development policies,” said the Angolan minister. Trained in the Czech Republic and holder of a doctorate in economics, Mário Caetano João cut his teeth for almost a decade in the Ministry of Finance. After a stint at the World Bank, he returned home, running the Stock Exchange (Bodiva) for a time, before being appointed Secretary of State in his current ministry. In 2021, he takes the lead, becoming the fourth holder of the wallet of the Economy since João Lourenço came to power in 2017.
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Confirmed at his door in September, after the renewal of the Head of State for a second term, the Minister assures that the executive has changed its matrix, having triggered the diversification of the economy and the development of the private sector. While Angola emerged in 2021 from five consecutive years of recession, the challenges are considerable to combine economic growth, improvement of the living conditions of the population, and attractiveness to investors.
Capcov: The latest World Bank forecasts expect Angolan Gross Domestic Product (GDP) to grow by 3.1% this year, compared to 0.8% last year. What favored ce recovery?