European Union funds development projects in Angola

17 April 2013

The European Union plans to donate 29.6 million euros (3.735 billion kwanzas) to finance activities included in the Social Support Fund (FAS IV) under the terms of a new cooperation agreement signed Tuesday in Luanda.

According to Angolan news agency Angop, this donation from the European Development Fund is added to 13.321 billion kwanzas, from a joint fund, which includes a loan of 7.719 billion kwanzas from the World Bank and a contribution of 5.602 billion kwanzas from the Angolan government, making a total of 17.056 billion kwanzas for FAS IV projects.

The funding will be used to build social facilities (schools, clinics, markets and drinking water fountains) in rural areas of Angola, to create business opportunities for Angolans and to improve the quality of life of the population living in all of the country’s 18 provinces.

The funding will also be used to train municipal workers and other similar activities with a view to including Angolans in the country’s development, according to the EU ambassador in Angola, Javier Payol, who was one of the agreement’s signatories.

The ambassador also said that, in line with the Angolan government’s strategy to combat hunger, FAS IV, also known as the Local Development Programme, had started working with the Institute for Training Local Administration, to support professional training of public workers in all municipal areas of Angola.

In July 2012, Angola and the European Union signed a partnership agreement entitled Joint Way Forward Angola-European Union, intended to boost political dialogue and two-way cooperation in areas of common interest. (macauhub)

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