The 4th edition of the Post Graduate Course on Public Finances will start with, approximately, 65 students from the state institutions of the public finance management systems from Cape Verde, Guinea Bissau, Mozambique, Sao Tome e Principe e East Timor.

The Post Graduation Course is sponsored by Pro PALOP-TL ISC, under the cooperation agreement signed between the United Nations Development Program (UNDP) in Cape Verde and the  Iscte – University Institute of Lisbon. The regional program between PALOP and East Timor on economic governance is funded by the European Union and managed by UNDP.

The Course will take place from October 19, 2021 to June 21, 2022 and it aims to train the students on public finances area, improving the technical and functional competencies of Control/Audit Institutions, Parliaments and Ministries of Finance. And to improve the efficient management and the public finances political and judiciary external control, to promote the efficiency and effective use of public resources.

In March 1992 at Sao Tome e Principe City, the Head of State and Governments of PALOP expressed their political willing to establish a multiform cooperation between PALOP countries and the European Union. East Timor joined the group in 2007, changed the name of the group to PALOP-TL.

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.

Between the 4th and 7th of December, the second Forum of Criminal Investigation Police of the PALOP and East Timor was held at the headquarters of the Judiciary Police in Lisbon. Researchers from the criminal investigation police of the PALOP-TL, with responsibility in the area of economic and financial crime, met for sessions of  knowledge sharing  and to acquire new tools and mechanisms in asset recovery and asset loss.

This initiative was promoted by Camões – Instituto de Cooperação e da Língua, IP, through the Project for the Consolidation of the Rule of Law in the PALOP and Timor-Leste (PACED), in partnership with the Office of Asset Recovery of the Judiciary Police, and the participation of 24 criminal investigation police officers from Angola, Cape Verde, Guinea-Bissau, Mozambique, São Tomé and Príncipe and Timor-Leste.

The forum focused on research and legal mechanisms for the recovery of goods and products seized in favour of the State or victims, in order to prevent organized crime, corruption and economic and financial crime from generating profits for those who practice these activities.

About PACED:

The PACED is  under the scope of the European Union’s partnership with the PALOP and Timor-Leste and aims to affirm and consolidate the rule of law in these countries, as well as to prevent and combat corruption, money laundering and organized crime, in particular, trafficking of narcotic drugs.

Under the Cooperation Program of the PALOP and East Timor with the European Union, an Extraordinary Meeting of the National Authorizing Officers of the PALOP and East Timor was held on the 8th and 9th of March 2018 in Brussels, Belgium, to assess the current stage of the program projects’ implementation and the formulation of the programs under the 11th EDF. It was also the opportunity to approve the new visual identity of the program and to publicize the new website, in the framework of the celebrations of this Cooperation Program’s 25 years of existence.