The Institute for Financial and Economic Management (IGEF) of the Portuguese-Speaking African Countries (PALOP) is due to start working Monday in Luanda, with a training programme called “fiscal management of natural resources, remittances and flows of foreign aid,” said the European Union delegation in Angola.
Participants in this initial training course include graduates from the PALOP, namely Angola, Cabo Verde (Cape Verde), Guinea-Bissau, Mozambique and Sao Tome and Principe. From 14-24 Marchthey will meet on the premises of the Angolan Institute of Public Finance Management (INFORFIP), located in the municipality of Cacuaco, in Luanda.
This specific activity is funded by the International Monetary Fund (IMF) and the European Union (EU), which will provide a donation of 3 million euros from the European Development Fund (10th EDF), under the EU/PALOP and Timor Leste (East Timor) regional cooperation programme, according to the statement released.
The IGEF aims to respond to human and institutional deficiencies shown by the PALOP in drawing up and implementing their macroeconomic and financial policies, as well as their capacity to manage public debt, whilst fostering mutual assistance in these areas.
The headquarters of the IGEF is under construction in the city of Lubango and scheduled to open in late 2017. (macauhub/AO/CV/GW/MZ/ST)