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

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.