4 September 2018

Angola and Brazil Analyze Priority Projects

Brasília — The Angolan ambassador to Brazil, Nelson Cosme, has analyzed with Brazilian authorities the first "priority" projects submitted by the Angolan Government, which will be financed with funds from the Angola-Brazil Understanding Protocol of February 2018.

According to a press release from the Angolan embassy that reached Angop on Monday, the Angolan diplomat met from 27 to 29 of August with officials of the ministries of Finance and Foreign Affairs of Brazil.

Also in the meeting were entities linked to the Brazilian Guarantees and Fund Managements Agency (ABGF) and Banco Credit Suisse (Brazil), an institution that will participate in the facility agreed between Angola and Brazil.

Under the protocol, a new line of credit of an amount of two billion dollars was established from Brazil to Angola.

The Angolan Government submitted to the Government of Brazil about 22 "initial" projects, among which, the projects for the construction and rehabilitation of hospital units, bridges, water supply and energy networks, as well as projects related to scientific research, rural expansion and agricultural development.

To date, Angola has benefited from six credit facilities under the referred Understanding Protocol between the two states.

Also under the bilateral cooperation with Brazil, the ambassador met with officials of the Brazilian Cooperation Agency (ABC).

ABC and the Ministry of Health are also working on a technical cooperation in the area of cardiology which provides training of Angolan professionals in Brazil.

ABC cooperates with the Government of Angola in other areas, such as education, where the "School for All" a school education project, which provides for the integration of children with special needs into the educational environment with other children, is highlighted.

In the field of Agriculture, the Ministry of Agriculture and Forestry of Angola is assessing with ABC the implementation of a training program for Angolan technicians in agricultural mechanization, rural expansion, community organization, agrarian statistics, agro-livestock processing and marketing.

Angola-Brazil technical cooperation also covers the financial sector.

The General Tax Administration of Angola - AGT and ABC are working for the professional training of Angolan technicians at the School of Finance Administration of Brazil.

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