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12/9/10 10:48 AM

Angola
Reserve Bank stronger in 2011- bank official

Luanda - The Angolan Reserve Bank (BNA) in 2011 will become a stronger and vigilant institution, and better able to interact with the market, thus guaranteeing the sustainability and robustness of the national financial system.

 

This was said Wednesday, in Luanda, by the deputy governor of the Angolan Reserve Bank (BNA), Ricardo de Abreu.

 

Speaking at the end of the meeting held with the British minister for Africa and Parliamentary Affairs, Henry Bellingham, Ricardo de Abreu said “We will go through a more complex phase of our economic development process and for such we need to have better and stronger institutions”. 

 

According to the official, one of greatest challenges for 2011 will be fighting inflation, a phenomenon which still prevails in the country and affects seriously the lives of citizens.

 

“After that, it will be created the foundations to launch a stronger and more sustainable system, however, the key priority is to overcome inflation”, Ricardo Abreu explained.

 






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