President arrives in search of investors, but returns may take a while

João Lourenço arrives this Wednesday at Portugal

The Angolan President comes to Portugal to attract investors. A difficult mission, even with the debt process on the way to resolution and with hundreds of millions in state guarantees for those who sign contracts with Angola.

The Angolan President unprecedented economic diplomacy campaign has already guaranteed the country more than 10 billion euros of funding, as he announced in October in the State of the Nation speech. But the return of investment will take time. At least, as long as Angola does not add to the sums raised the technical and financial assistance program under discussion with the International Monetary Fund since last August.

"The flow of foreign investment to Angola is improving, but there is still no dramatic change. This change will occur when there is an agreement with the International Monetary Fund," says Agostinho Pereira de Miranda, an attorney in Angola working with the Miranda Alliance and a specialist in Energy Law.

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