Luanda, ANGOLA, December 27 - The Macroeconomic Stabilization Program for 2018 was approved on Wednesday in Luanda, during the third ordinary session of the Council of Ministers, chaired by the President of the Republic, João Lourenço.,

The project aims, starting from the immediate and effective way, to initiate a process of macroeconomic adjustment, from the fiscal and exchange point of view, that allows the alignment of the national economy to an environment referenced as normal new.

According to the final communiqué of the session, distributed to the press, the macroeconomic stabilization program has as fundamental elements fiscal consolidation and the stabilization of the foreign exchange market, around which the other areas will move.

Policies in the monetary, financial and real sectors should be conducted for fiscal and exchange adjustment, as well as to mitigate adverse effects.

The program was developed using a robust methodology that enables its effective and programmatic implementation, while allowing an efficient monitoring, considering the objectives for each of the domains.

The Council of Ministers is the auxiliary collegial body of the President of the Republic in the drafting, conducting and execution of the general policy of the country and the public administration.

The said organ is guided by the President of the Republic, and may delegate, in the absence and temporary impediments, the Vice President of the Republic the power to preside at meetings of the Council of Ministers.

In addition to the President and Vice-President of the Republic, the Council of Ministers is composed of all State ministers and ministers.

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