Angola: Growth, Development & Inequality - What role for Norway?
Time: 4.12.2012 09.00 - 5.12.2012 17.00
Location: Bergen Resource Centre for International Development
Read more: http://resourcecentre.no/news/?371=angola-growth-development-inequality-and-what
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How is Angola transforming growth into development? How to balance benefits to Angola's citizens and foreign investors?
Despite spectacular oil led economic growth, Angola remains a strikingly unequal society. Political power remains in the hands of President José Eduardo dos Santos and the MPLA party.
In October 2012, Angola announced the creation of a Sovereign Wealth Fund to manage its oil income in foreign investments. This marks the rise of Angola as a major economy in Africa, one that is also expanding beyond its borders. The country is the principal focus of Norwegian economic interests in Africa. Norwegian oil companies have invested some USD ten billion in the country.
Angola has potential for its citizens as well as for foreign investors, but will the country be able to transform growth into development? How should one balance benefits to Angola's citizens and foreign investors? Will its democratic institutions consolidate stability, or will stability entail perpetuation of past authoritarian traits?
This seminar aims to be an arena for Norwegian and Angolan stakeholders. We will discuss social, political and economic developments in Angola - and Norwegian - Angolan relations.
The seminar is free and open to all. Please register by sending an email to: registration@cmi.no