Sunday, November 20, 2011

Angola offers help to Portugal

The angolan president, Jose Eduardo Dos Santos, says that his country is ready to help Portugal, its former metropolis, to fight against the Portuguese crisis.

Dos Santos spoke about it in the final of the two days visit of Portuguese prime minister Pedro Passos Coelho.

Analysts expect a 2.8% contraction of Portuguese economy for next year. In the other hand, their forecast about Angola is that the African country's economy is growing around 12%.

International Monetary Fund (IMF) accepted giving Portugal a rescue package valued in more than US$100.000 millions on condition that Portugal make many reforms, including privatisation of state companies.

In last years, Angolan investments in Portugal have grown and analysts expect these tendencies to continue privatizing many Portuguese companies.


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