ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage



Home » News » Economy

Wed, 11 Dec 2019 12:25 - Updated Wed, 11 Dec 2019 12:24

EU and IMF assistance to improve financial management

Luanda - Angola’s Finance minister, Vera Daves, on Tuesday said she believes that the technical assistance provided by the European Union (EU) and the International Monetary Fund (IMF) will improve public finances management capacity in Angola.

Send by email

To share this news by email, fill out the information below and click Send


To report errors in the texts of articles published, fill out the information below and click Send

Finance minister, Vera Daves

Photo: Gaspar dos Santos

The minister added that the areas the project is to be implemented are linked to public debt, State Budget, public accounting, treasury, public investment and tax collection.

Vera Daves, who was speaking following the signing of a Public Finance Management Project Angola signed with EU and IMF, said the agreement will strengthen conditions for the government to take advantage of the results of the reforms it is carrying out in the country.

The government’s reforms, she added, also aims to reduce the state budget exposure to the volatility of oil revenues as well as the objective of diversifying the country’s economy.

The Public Finance Management Project is based on the recommendations of the IMF Department of Fiscal Affairs and the Regional Technical Assistance Centre for Southern Africa (AFRITAC South), and is in line with the Ministry of Finance team, the minister said.

Tags Economy  

Read also
  • 10/12/2019 20:00:34

    EU grants 5 million to support transparency

    Luanda - The European Union has granted five million euros for the implementation of Angola's Economic Governance Support Program, with a view to improving budget transparency and the effectiveness of public spending.

  • 10/12/2019 19:40:32

    Soyo refinery public tender opens until January

    Luanda - The Ministry of Mineral Resources and Oil (Mirempet) has extended from 18 December 2019 to 30 January 2020 the deadline for the submission of bids for the international public private investment tender for the construction of a refinery in Soyo, northern Zaire province.

  • 09/12/2019 13:43:03

    Luanda Port invests in security and maritime signalling

    Luanda - The Port Company of Luanda has defined the reinforcement of the safety of people and goods and the improvement of maritime signaling as two important projects to be accomplished in 2020.