LYCOS RETRIEVER Beta Retriever Home  |  What is Lycos Retriever?   
Angola: Governments
built 659 days ago
Three years after the end of Angola's civil war, hundreds of thousands of refugees have returned to their homes, but lack basic services and receive little or no help from the government. Despite an increase in revenue due to a rise in oil prices, the Angolan government claims it lacks the resources to support its population. With widespread poverty and a gradual withdrawal of UN humanitarian assistance in the field, "Angolans find themselves caught in the emergency-to-development gap."
Angola has yet to submit an entry to the register. In the 1994 register (covering the arms trade in 1993) only Russia, Bulgaria, and the Czech Republic reported arms deliveries to the Angolan government. In the 1995 register (covering the arms trade in 1994), Poland listed the delivery of fifty BWP-2 armored vehicles to Angola, and Slovakia listed the delivery of nine OT-64 armored vehicles and forty 122mm artillery pieces. Despite the evidence documented above of continued exports of weapons systems that fall into the register's seven categories, there has been not one further entry in the 1996, 1997 and 1998 registers by any state concerning arms transfers to the government of Angola.
Source:
Angola has cancelled all negotiations with the International Monetary Fund [IMF], on the grounds that it is quite able to maintain economic stability on its own. Finance Minister Jose Pedro de Morais said the economy had grown in real terms by 13% in the past three years. He said the government had successfully implemented its own macro-economic stabilisation programme while relying exclusively on its own resources.
Source:
Angola's government is awash in cash because of rising oil prices and vastly increased oil production. Angola now pumps between 1.5 million and 2 million barrels of oil a day, more than any other African country besides Nigeria. The government takes in two and half times as much money today as it did three years ago.
In January 1996 Boris Kolokolov, the Russian vice-minister for foreign affairs, visited Lisbon to explain that Russian weapons deliveries to Angola were of a purely commercial nature. According to the Lisbon daily O Independente, Angola spent U.S.$40 million in 1995 on Russian weapons, including Mi-35 attack helicopters (the export version of the Mi-24v).12 In March 1996 the government ... arranged for a $75 million credit deal with Russia for six MiG-23s fighters and six MiG-24s fighters, as well as 360 Uzal lorries.13 The government also placed an order with Russia for two Su-24 fighter-bomber aircraft, and there were unconfirmed reports that the financing for this $230 million arms deal went through a French bank.14
Source:
"Angola LNG will be the largest single investment ever made in Angola. The Angolan government is pleased to lend its support to this project, which will create significant new employment and economic benefits for the country," said Desiderio da Costa, Minister of Petroleum for the Government of Angola.
Source:
SEARCH
MORE ABOUT