Luanda — Angola will be less affected by the world financial crisis due to the fact the country's financial sector is not fully integrated yet in the international financial system, said in Luanda the administrator of consultant and auditing company "KPMG", Luís Folhadela.

Luís Folhadela, who was speaking to ANGOP Monday on the current world financial crisis, said that the aftermaths of the current world financial crisis would have greater incidence on Angola should the Stock Market and the Derivatives had already started operating, because it would have been fully integrated in the international financial system.

"With a financial system fully integrated in the international system the direct consequences of this crisis would have been more serious", stressed the KPMG official, to whom the current situation will serve as a lesson for the current experts of the country's market of capitals and of future stock market.

On the direct consequences in the country's banking sector, Luís Folhadela answered that the acquisition of money, from international banks, is more expensive, as there is almost no liquidness in inter-banking market.

The official who does not agree on the opinion of many experts who believe that the Angolan economy will not be affected by the crisis, noted that the country's economy depends strongly on the oil export, a product seriously affected by the crisis.

The Angolan economy is not yet as strong as those of the developed countries, that is why, said KPMG official, the crisis will have an impact on the Angolan economy, and with oil price fall by the barrel at the international market, all associated to the crisis, the export revenues tend to drop.

According to him the crisis should be regarded by the Angolan citizens as a business opportunity to diversify the non-mineral productive sector, pledging to other economic fields, such as agriculture and light industry, and depending less on oil revenues, a task which has been implemented by the Angolan Government.