Angola - Public Procurement Technical Assistance Project

Angola - Public Procurement Technical Assistance Project - Project Appraisal Report
 
The Government of Angola has endeavored to enhance governance and accountability in the public sector, but much more remains to be done. Angola’s economic structure is burdened by an undue reliance on income from oil, which has thwarted policies to mobilize non-oil revenue. Furthermore, an excessive number of unproductive public enterprises has sapped liquidity from government coffers. Governance reforms already undertaken in the extractive industry and in the state-owned enterprises are crucial to improve competitiveness and private sector participation as well as promote economic diversification. Furthermore, the Government has embarked on important reforms to enhance Public Financial Management (PFM), including improving the budget process and increasing transparency in the management of oil and mining revenue. The budget and accounting functions have continued to improve, notably with the adoption and roll-out of the Government’s Integrated Public Financial Management System (SIGFE). In addition, the Government has implemented measures to increase transparency and accountability in the oil sector. Reforms to make Sonangol, the state-owned National Petroleum Company, more transparent have been intensified since April 2016, leading to a complete restructuring of the sector as of 2019, and this has also been replicated in the mining and minerals sector in 2020.