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Wed, 13 Nov 2019 18:39 - Updated Wed, 13 Nov 2019 18:39

EU grants over seven million euros

Luanda - The European Union (EU) made available earlier this year 7.7 million euros to support the program for consolidation of economic governance and financial management system of African Portuguese-speaking countries and East Timor.

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The purpose of this funding is to strengthen the technical and functional competences of the institutions of control of the national parliaments and civil society of the member countries of the African Portuguese-speaking Countries (PALOP) and East Timor.

The project, which is in its second phase and expected to be completed by 2022, is being implemented in the six African Portuguese-speaking Countries (PALOP) and East Timor.

The initiative is co-financed and administered by UNDP and should absorb the successes of the previous project, broadening the intervention logic with the aim of promoting a south-south and triangular cooperation facility for the consolidation of public financial management systems in the PALOP and Timor-Leste.

On 21 February this year, in Luanda, the second phase of the Angola Court of Auditors' Integrated Work Plan for the period 2019-2022 was signed, under the “Program for the consolidation of Economic Governance and Finance Management Systems”. PALOP-TL ".

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