20 November 2008
Luanda — Angolan head of State, José Eduardo dos Santos, Thursday in Luanda, appointed an Installing Commission for the Angolan Sovereign Fund (FSA).
The information is contained in a note from the Services of Support to the president of the Republic, which says that FSA is a response to the current world's economic conjuncture and the State's need for mechanisms that secure an efficient management of its resources and protect the country from external vulnerabilities and troubled economic cycles.
According to the source, the Commission is tasked with drafting strategies and conditions for the functioning and development of FSA, an instrument intended to guarantee the maintenance and maximisation of the countries financial reserves and their use in spheres of strategic interests to the national development, thus leading to the internationalisation of the Angolan economy.
Coordinated by the head of State's economic advisor and including the experts, Ricardo Viegas d'Abreu and Francisco de Lemos José Maria, the commission is supervised by the minister of Economy, Manuel Nunes Júnior, backed by a group of law specialists comprising the Cabinet Council secretary and the president's advisor for Parliamentary Affairs.
The commission is to work closely with the Ministry of Finance, and the Reserve Bank, draft the budget for operations in progress and report in 20 days.
In an another dispatch, within the powers granted by the Constitution, president José Eduardo dos Santos appointed a Multi-sectoral Commission tasked with implementing the Project on Valorisation and Divulging of Angolan Historic Figures.
The commission is also assigned to carry out a study of the national historic figures and publicise their deeds.
It is also assigned to design, at the Luanda's "Largo do Ambiente", a sculpture project depicting the actors of the various socio-cultural deeds of the country and promote and incentive the construction of statues, monuments and memorials to the historic figures all over
the country, under the responsibility of the Ministry of Public Works.
The commission will fall under coordination of the minister of Culture, Rosa da Cruz e Silva, with the participation of the ministries of Culture, Finance, Territory Administration, Education, Defence, Public Works, Ex-combatants and War Veterans, Social Communication, Environment and Housing.
It has been given a one year deadline to complete the task, with quarterly reports on the progress of the works.
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