Last week, the executive reached an agreement with the unions to update public service salaries in a phased manner until 2027.
The Council of Ministers also approved this Monday the National Strategy for the Prevention and Repression of Corruption, with which it intends to "continue to reduce corruption rates", promoting greater integrity, transparency and improved service provision in all sectors.
The transformation of the Development Bank of Angola, E.P., a public entity aimed at financing the national economy, into a limited company with exclusively public capital, was also approved, and is now governed by the law on commercial companies.
"The transformation of the Development Bank of Angola into a limited commercial company is an action that fits into the roadmap for the reform of the public business sector and is based on the need to establish a management and corporate governance model that guarantees greater profitability and efficiency".
Diplomas relating to oil blocks were also approved.
In the area of culture, a merger was decided between the Angolan Institute of Cinema and Audiovisual (IACA) and the National Institute of Cultural and Creative Industries (INIC), which will give way to the National Agency for Cultural and Creative Industries.
The new institution will "regulate, monitor and control the national policy for promoting, supporting and developing these industries, in particular books, records and crafts, as well as promoting the reading and publishing of works, the nature of which proves to be of cultural and of great social reach, also having the mission of conceiving and implementing the State's strategy in relation to cinematographic and audiovisual activity".
Several bilateral cooperation instruments and the partnership agreement between the European Union and the members of the Organization of African, Caribbean and Pacific States were also approved within the framework of foreign policy.
