The month of April has seen another step in the reapprochement between Europe and Africa, with the conclusion of an agreement of financial cooperation.

This agreement, signed in Luanda, provides for the granting by the EU of around 24 million Euros (approximately three billion and 735 million kwanzas) to support Angola in projects carried out by the Social Support Fund.

This contribution of the European Union is also aided by a World Bank loan and a contribution from the Angolan Government, totaling 136.2 million Euros.

The Fund, which is already in phase 4, is intended for the creation and development of more social infrastructures such as schools, clinics, markets and drinking water supply sources in the rural areas of the country, and to the training of the municipal and communal administrations’ servants.