Angola, EU sign new agreements

The European Union (EU) and the Angolan Government signed Thursday in Luanda three agreements worth 120.1 million euros, as part of the Multi-annual Indicative Programme (MIP) 2021-2027 for Angola.

Signed the agreements the head of the EU delegation Jeannette Sppen and the Minister of Economy and Planning, Mário Caetano João (Angola).

The agreements include the agricultural revival programme, estimated at 40 million euros, aimed at reviving the network of 12 agrarian institutes.

Jeannette Sppen said that the programme will boost student employment and speedup the adaptation of the agricultural sector on climate change and the country’s nutritional needs.

Jeannette Sppen also said that the programme will transform such institutes in benefit of the community, through extension activities and improvement of infrastructures.

The official also said second programme is related to formalisation of the economy, including social protection and support for the management of public finances, which currently has funding of €62 million from the European Union.

Also pointed out to the programme, estimated at 17,500 euros, which aims to facilitate support for the development strategies of the Angola Government.

In turn, the minister of Economy and Planning, Mário Caetano João, explained that such signatures are included in the sharing of experience and good practices between Angola and the European Union.

He said Angola has been the object of increasing attention from many countries and international development agencies, not only because of political and economic reforms, but above all to institutional adjustments.

Based on the Government’s planning instruments, namely the Angola 2050 Long-Term Strategy, in its conclusive phase, the perspectives of the National Development Plan 2023-2027, the European Union designated its priority areas for Angola in the period 2021-2027.

The European Union highlighted sustainable economic diversification, transparent, accountable and effective governance, as well as human development matters.

Source: Angola Press News Agency (APNA)