Angola - Public Debt and Procurement Technical Assistance Project (PDM-TAP)

The Public Debt Management Technical Assistance Project (PDM-TAP) is part of the Bank’s multi-pronged approach to increase debt management capacity in Angola and has been designed to be complementary with support from other development partners. PDM-TAP operation is a critical part of this comprehensive approach by supporting the strengthening of human resources capacity for sustainable debt management. The project responds to a high-priority Government request for support to the Debt Management Unit (UGD). It will enhance the capacity of the Debt Management Unit (UGD) to better balance the government's financing needs and its payment obligations over the medium to long run, consistent with a prudent degree of risk. The project will impact positively on Angola’s ongoing efforts to attain fiscal consolidation and enhance macroeconomic stability. The technical assistance will comprise one main component, (i) strengthening human resources capacity for transparent, accountable, and effective debt management, as well as a component to (ii) support project implementation. The estimated total project cost is UA 132,000 of which the Bank will provide UA 120,000 excluding taxes and duties to be funded under the Middle-Income Countries Technical Assistance Fund (MIC TAF). The project will be implemented over a period of 24 months, and the Closing Date shall be November 31st, 2023.