14 February 2014

Angola/U.S Chamber of Commerce Deplores Indifference to Ex-Im Bank Fund

The executive director of the Angola/US Chamber of Commerce, Pedro Godinho Domingos, Thursday in Luanda deplored the indifference showed by the local public and private business sectors toward the Ex-Im Bank credit line of about Akz 12 billion (Usd 120 million) made available to the country since 2009.

Pedro Godinho was speaking to the press on the Ex-Im Bank facility for Africa and Angola, and the relationship of the US institution with the Angolan commercial banks.

He on the occasion said it is strange that the said credit line remains unused after four years it was made available.

He said he could not understand the reasons behind this attitude on the part of the country's businesses, which will lead the chamber into running more publicity campaigns in order to reverse the situation and enable the national entrepreneurs to gain access to the funds.

"We look to this situation with some concern, as the fund we are talking about has been available for four years and there has been no access to it. But this is also owed to the existence of some difficulties on the part of the national businesses to contact the US market, due to the communication barrier," he stated.

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