Angola has achieved good results in macroeconomic convergence set by the Economic and Monetary Union of the Southern African Development Countries (SADC), Angola's official news agency ANGOP reported on Sunday.
According to a document issued by SADC, Angola has achieved about 95 percent of the primary goals set by SADC for 2008, missing only the attainment of one digit inflation rate, which allows Angola to be among the three SADC member countries that lead the race for macroeconomic convergence.
The document was issued after a two-day workshop from Nov. 26 to 27 at SADC head office in Gaborone, Botswana whose objective was the mobilization for economic convergence which attracted officials from SADC member countries.
For instance, Angola has presented a less than 25 percent in public debt below the gross domestic value (GDP) and a roughly 15 percent deficit of the current account for 2008, which correspond to a surplus balance.
Other figures of the GDP growth and external reserves and the credit of the Central Bank to the government for 2008 all meet the goals set by SADC.
Source: Xinhua
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