European Union supports modernization of Angolan state finances

27 September 2006

Luanda, Angola, 27 Sept – The European Union (EU) plans to grant 13.5 million euros for a project to modernize the planning and budgeting of public finances in Angola, which aims to improve efficiency and responsibility in this sector.

“This is a key area in which the final aim is to improve good governance and the services to reduce poverty,” the head of the European Union delegation in Angola, Glauco Calzuola said in Luanda Tuesday.

In the speech he made at the ceremony to sign the financing convention for the project, the EU representative said that the project, which will take three years, aims to “contribute to improving efficiency and responsibility of the management of public finances in Angola.”

Calzuola, who signed the convention with the Angolan minister of planning, Ana Dias Lourenço, recalled the “long lasting and tight,” cooperation that the European Union has had with the Angolan government in this area since 2000, highlighting the fact that public finances were an “essential sector in the fight against poverty.” (macauhub)