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Presidential Decree No. 98/20 approving immediate Measures to Relieve Negative Economic and Financial Effects caused by the COVID-19 pandemic.

Country/Territory
Angola
Document type
Regulation
Date
2020
Source
FAO, FAOLEX
Subject
Agricultural & rural development, Food & nutrition, Fisheries, General
Keyword
Public health Legal proceedings/administrative proceedings Special fund Agricultural commodities Agricultural development Financial agricultural measures Subsidy/incentive Credit Business/industry/corporations Food quality control/food safety
Geographical area
Africa, Central Africa, Least Developed Countries, South Atlantic
Entry into force notes
This Presidential Decree enters into force on the day of its publication.
Abstract

This Presidential Decree approves immediate Measures to Relieve Negative Economic and Financial Effects caused by the COVID-19 pandemic. It aims to ensure financial support with a view to maintaining minimum activity levels for micro, small and medium-sized companies in the Productive Sector, resources are allocated as follows: i) the Fund to Support Agrarian Development, FADA, must provide financing for family farms, being the main financing instrument for this type of producers; ii) the Development Bank of Angola, BDA, must provide a credit line to finance the purchase of commercial operators and the distribution to national producers of various agricultural products; iii) the BDA must provide a credit line to finance purchases from family farmers' cooperatives and small and medium-sized agribusiness entrepreneurs, from national suppliers of improved seeds, fertilizers, pesticides, vaccines and provision of agricultural soil preparation services; iv) the BDA must provide a credit line to finance projects to modernize and expand the activities of a maximum number of 15 cooperatives for each province, in the Agriculture and Fisheries Sectors; v) the Active Venture Capital Fund, FACRA, must make investments in the equity of agricultural, livestock and fisheries cooperatives, as well as microfinance companies, field schools and community credit banks.

Full text
Portuguese
Website
www.legis-palop.org

References - Legislation

Amended by

Presidential Decree No. 172/23 approving the Regulation that establishes the Conditions and Procedures for Licensing the Exercise of Commercial Activity.

Legislation | Angola | 2023

Keyword: Enforcement/compliance, Internal trade, International trade, Legal proceedings/administrative proceedings, Fiscal and market measures, Authorization/permit, Consumer protection, Monitoring, Procedural matters, Transport/storage

Source: FAO, FAOLEX