22 February 2013

Angola: Economic Commission Assesses Application of Released Funds

Luanda — The Economic Commission of the Angolan Cabinet Council Thursday in Luanda assessed the applications made to the foreign exchange values made available to the economy, estimated at Usd 18.6 million, representing an absolte gwoth of Usd 3.7 million as compared to the year 2011.

According to a press note released at the end of the meeting chaired by Angolan president, José Eduardo dos Santos, the commercial banks stated they pumped into the secondary market foreign values of Usd 24.1 million, against Usd 11.7 million of 2011, representing a growth of 105.1%.

The Executive's economic team also analysed the cash fow budget for March, estimated at Akz 315.3 million, and the annual plan of public debts for 2013 estimated at Akz 588.5 million, as well as the total payment flow of Akz 334.6 million, fullly matching the expenditure of the period in respect.

The Economic Commission approved a series of organisational actions aimed at harmonising the relationship among the various work commissions.

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