Luanda - The Cabinet Council is holding this Wednesday its 2nd extraordinary session to analyse socio-political situation of the country.

The meeting is taking place at the Presidential Palace in Luanda, under the guidance of the Head of State, José Eduardo dos Santos.

In its first extraordinary session held on April 18, this year, the organ approved a presidential decree that capitalizes on the National Bank of Angola, through the transfer of treasury bonds to its portfolio of government securities amounting about 95.000 million of kwanza, with the aim of ensuring the balance of the money supply and controlling inflation.

It also approved a Presidential Decree establishing the Asset Fund of Risk Capital of Angola (FACRA), an entity that seeks finance of Micro, Small and Medium Companies and the promotion of entrepreneurship and innovation projects that are strategic for Angola, which have high potential risk and are in early activity.

With regard to the Oil Sector, the Cabinet Council assessed for subsequent reference to the National Assembly a draft law on the transport and storage of crude oil and natural gas in oil operations.

In the fields of fishing and agriculture, the Cabinet Council approved a Presidential Order authorizing the implementation of the 2nd phase of construction of the Academy of Fishing and Marine Sciences of Namibe, as well as another approving the construction of five investigation and development stations and the implementation of a training programme and Agro-Livestock and Forestry.