On December 10, 2018, in Luanda, the Institute for Training in Economic and Financial Management of the PALOP (IGEF), in partnership with ISCTE – Instituto Universitário de Lisboa, through its IPPS-IUL Public and Social Policies), underwent training on, “Negotiation of Contracts and International Loans”, aimed at senior managers in planning or finance functions involved in the negotiation of contracts and international loans of the PALOP and TL.

The training course it is focused mainly on Administrative Law, Economic Law and Financial Law, designed at strengthening participants’ capacity to negotiate and contract international loans. In particular, the coaching enabled the trainees to identify, analyze and apply the standards instituted as: i) the relationship between the financial decision and the decision to contract; (ii) relevant economic and financial aspects which enable a comprehensive understanding of negotiation and public procurement.

With a total of 30 hours of classroom training, the course lasted until December 14 and covered the following topics:

  1. The fundamentals of negotiation
  2. Negotiation methods and techniques
  3. The rationale of public debt
  4. Sources of external financing
  5. Analysis of obligations
  6. Conditionalities and cost of financing
  7. Analysis of the guarantees and eventuality of non-compliance
  8. Jurisdiction applicable
  9. Presentation of World Bank loan contracts
  10. Presentation of case studies

The training is, a part of the IGEF Support Project (PAIGEF), co-financed by the European Union and the Contracting Countries of the Institute.

About PAIGEF:

PAIGEF aims to strengthen economic governance capacities and the effectiveness, transparency, quality and efficiency of the Public Finance Management (PFM) systems of the PALOP countries and Timor-Leste by improving human and institutional capacities in the field.

The European Union (EU) provides € 26 million to Portuguese-speaking African countries and East Timor (PALOP-TL) – Angola, Cape Verde, Guinea Bissau, Mozambique, Sao Tome and Principe and East Timor – to promote two programs in the field of job creation in the field of culture and reform of public finance management.

The European Commission signed:

A € 18 million program to support PALOP-TL in job creation in the cultural sector. The project focuses on the performing arts, including music, dance and theater. This program aims to boost the access of cultural products from PALOP-TL countries to national, regional and international markets, to strengthen the capacity of actors in the sector and to support the creation and dissemination of literary publications in the region, especially for children and young people.

A € 8 million program to support public finance management systems in the PALOP-TL will consolidate the initiatives of public financial control institutions as well as civil society to improve the accountability, efficiency and transparency of public finances in the six countries .

These programs are promoted under the 11th European Development Fund (EDF) and its ultimate objective is to contribute to more inclusive and sustainable growth in these countries. The EU has been cooperating with PALOP-TL for more than 25 years since 1992.

The protocol was signed by the Director General for International Cooperation and Development, Mr. Stefano Manservisi, and by the Minister of Foreign Affairs and Cooperation of Mozambique, Mr. José Pacheco, as Coordinator of the PALOP-TL / EU Cooperation Program, CPLP (Community of Portuguese Speaking Countries) Summit held in Sal Island, Cape Verde, under the motto “People, Ocean, Culture”.

IGEF PALOP-TL official website launched.

The Institute of Training in Management and Financial Economics of the Portuguese Speaking African Countries (IGEF) has the mission of promoting training and capacity building in matters related to macroeconomic, financial and public debt management for officials of the Ministries of Finance, Planning and of the PALOP and East Timor Central Banks, offering them seminars, workshops, advanced and postgraduate courses.

It is an African university level institute that arises from the need of the African Countries of Portuguese Official Language that share a common historical inheritance, a language and the same vision on the development, to intensify the cooperative relations in the field of education.

Installed provisionally at INFORFIP in Luanda, its headquarters in the city of Lubango, Huíla, will be inaugurated in the second half of 2018.

Around 40 dignitaries, representatives of the Supreme Audit Institutions, Parliaments, National Delegations and Central Services of the European Union, UNDP Country Offices and PALOP and East Timor Governments met on the 1st and 2nd February 2018, at the Portuguese Auditors Court, on the Pilot Committee of Pro PALOP-TL ISC.

This last session of the project’s above-mentioned supervisory body assessed the impact and results of a four year very successful implementation, which enabled the development of external control, parliamentary oversight and social monitoring capacities of public expenditure and the promotion of greater budgetary transparency in the PALOP and East Timor.

The work agenda, designed in order to promote discussions among the beneficiaries, the executive and the financier of the project, aimed at recording the perceptions and testimonies of senior dignitaries and representatives of the main beneficiary institutions on persisting challenges, achievements and impact of the project.

It was up to the Project Management Unit to make a systematic presentation of achievements, impact / transformation and lessons learned. During the two-day work session there was also a display of the project’s most iconic products.