Angola - Financial Management Support Project (PAGEF)

The Financial Management Support Project (PAGEF) is the result of in-depth discussions with the authorities, the diagnosis of needs expressed by the various ministries and consideration of assistance from the various partners. The project focuses essentially on capacity-building and human resource development actions through technical assistance and well-targeted training and, to a certain extent, equipment. Its implementation will enable the country to develop the requisite tools and capacity to promote participation, transparency and efficiency in public resource management, and thus make it possible for a huge segment of the Angolan population to share in economic growth. The cost of the project, net of taxes and customs duties, is estimated at UA 6.57 million, of which UA 4.32 million (65.8%) is in foreign exchange and 2.24 million (32.2%) in local currency. Its main components are: (i) capacity-building in State property management and internal audit; (ii) institutional and human capacity-building for the external audit function; and (iii) project management and monitoring.