Luanda – The International Monetary Fund (IMF) has approved a USD 1.4 billion credit for  Angola, to help the Southern Africa country to face up the global economic crisis, announced Tuesday the prime minister, Antonio Paulo Kassoma.

António Paulo Kassoma was speaking at the third ordinary session of the National Assembly, convened for the approval of the National Plan and the State Budget for 2010.

“It is for the international recognition of the fairness of the policies of reconstruction and harmonious and sustainable development of the country that the Managing Board of the IMF approved the credit”, the premier emphasized.

The prime minister said that the donor has justified the granting by noticing the strong and decided commitment of the Angolan authorities to implementing a comprehensive reform programme, aimed to correct macroeconomic imbalances.

 
He explained that, despite predicting tight restraint in spending, the reform will continue pumping more and more resources into the social sectors  and advancing the main projects of construction and reconstruction of infrastructures, to ensure the betterment of the citizen living standards.

Paulo Kassoma was responding to criticisms, according to which the government was triggering setbacks to the democratic system and carrying out poor quality works.