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