Bangkok:The secretary of State for Finance and Treasury of Angola, Ottoniel dos Santos, emphasized the need for enhanced multilateral cooperation to tackle economic informality and the challenges of taxing digital services. His remarks came during a multilateral meeting of finance ministers in Bangkok, Thailand, focusing on the future of international taxation.
According to Angola Press News Agency, Ottoniel dos Santos highlighted the necessity for coordinated global efforts beyond individual national approaches. He stressed that addressing the informal economy and the burgeoning digital services sector requires joint actions to achieve effective fiscal governance and sustainable economic development.
The discussions at the Annual Meetings, which spanned seven days, included significant global economic challenges and strategies for sustainable and inclusive growth. Key topics of the sessions were private capital mobilization, job creation, technological innovation, Artificial Intelligence, and enhancing economic resilience, all deemed essential for transforming economies and promoting inclusive development.
Angola's delegation to the event was led by the secretary of State for Planning, Luís Epalanga, and included Manuel Tiago Dias, the Governor of the Angolan Central Bank, along with Ottoniel dos Santos. The meeting, themed "New Horizons of Thailand Empowering People, Building Resilience," marked the second time Thailand hosted the World Bank and IMF Annual Meetings, with the first in 1991.
Angola has been a member of the World Bank and International Monetary Fund since 1989. The country has been actively working to strengthen its ties with these institutions through programs aimed at enhancing national account management, refining investment strategies, and fostering economic and social development.
