Luanda, ANGOLA, December 20 - The Economic Commission of the Cabinet Council Thursday in Luanda found that the exchange rate in the country continued subdued.,

This was at its 12th Session, chaired by the President, João Lourenço.

The Commission put the differential between the secondary and unofficial markets at about twenty percent.

 

This is in line with the provisions provided for  Macroeconomic Stabilisation Programme.

In its press release, the Commission said that despite the gains the challenges in implementing the budgetary expenditure still remain, due to the restrictive conditions of internal financing.

The document added that during the quarter there was a gradual decrease in the inflation rate and a budget surplus of around 1%, as a result of a better performance of oil revenues.

The note shows that interest rates on treasury bonds showed a positive behavior, with a downward trend for all maturities.

The meeting also reviewed a Draft Presidential Decree establishing the National Follow-up Commission for the Integrated Programme for Local Development and Combat Poverty.

The Session also approved a Memorandum on the Improvement of the Model of Public Cleaning, Hygiene, Vector Control and Solid Waste Management of Luanda Province.

 

Approved was also a Memorandum on the Strategy for the Regularisation of Delays and Remains to Pay.

The document comes with a balance sheet on its implementation in 2013 - 2017, as well as the Strategic Plan for Public Procurement.

The meeting also approved the Memorandum on Monthly Trade Indicators for the month of November of 20l8, the preparation of the festive season of 2018. The document presents the situation on the External Trade Indicators and the level of stocks reported by 23 operators operating in Angola.

The memorandum presents an analysis on import of pharmaceutical products, and stating that during November the customs clearance reached USD 168.2 million, of which USD 103.7 million are related to priority products.

The Commission considered the proposals of the National Bank of Angola (BNA) notices on Capital Income of non-residents, which establishes the procedure that must be fulfilled in the transfer abroad of capital.

 

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