The meeting, which will have as its theme the Legislative Budgetary Inspection and Sovereign Funds in Portuguese-speaking African Countries and Timor-Leste (PALOP-TL), will take place from 29 to 31 August with the presence of several guests, including deputies from Mozambique, Cape Verde, Guinea-Bissau, São Tomé and Príncipe, Timor-Leste, government representatives, civil society, among others, and aims to:
- Promote the exchange of experiences and learning among peers involving the Parliamentary Budgetary Committees of the PALOP and Timor-Leste (including Brazil and Portugal) and access to best practices in the field of budgetary legislative oversight;
- Familiarize parliamentarians and staff of PALOP-TL National Parliaments, in a context of south-south and triangular cooperation, with the challenges and opportunities for effective legislative oversight of sovereign wealth funds and the flow of capital they generate;
The High Level Working Groups (GTAN) are Communities of Practice (CoP) organized in the context of the Pro PALOP-TL ISC, a Program funded by the European Union and managed by UNDP for the consolidation of Economic Governance and Public Finance Management Systems in PALOP-TL.
Since 2014 to date, these CoPs have been facilitated by the program’s team of experts through, among others, the GTANs that function as platforms for south-south/triangular cooperation for the exchange of experiences/good practices and peer learning.
The meeting of the IV High Level Working Group of the Parliamentary Committees of the PALOP and Timor-Leste is organized by the Assembly of the Republic of Mozambique in partnership with the UNDP/Pro PALOP-TL ISC Phase II.
It is expected that at the end of the meeting, the Maputo Charter will be produced with the main recommendations and actions to be taken to strengthen the capacity for fiscal legislative oversight of sovereign funds and other sources of large capital flows in the PALOP and Timor-Leste.