February 12, 2004

Cabinet approves national farming development programme

Angola's Cabinet Council Standing Commission approved the National Programme on Farming and Cattle Raising at a session chaired by head of State José Eduardo dos Santos. A communiqué released at the end of the meeting states that the programme aims at food self-sufficiency in cereals and beef and setting up an industry for poultry, seafood and beef derivatives. The project requires about US$ 200 million of which 85 percent will come from external aid to help meet the country's needs with imported goods and services. The implementation of the programme is expected to provide direct and indirect jobs and requires the drafting of sub-programmes of support in the domains of training, research and construction of communication and storing facilities.

The Cabinet Standing Commission analysed as well the evolution of the country's monetary, exchange and real markets and gave the Finance minister green light to enforce a set of measures in the fiscal, exchange and monetary domains, with a view to securing the macro-economic stability trend and generate as many jobs as possible. (Angola Press Agency, Luanda)

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