EU donates €20 million to support the Informal Economy Conversion Program in Angola

The European Union provided 20 million euros to support the Informal Economy Conversion Program in Angola.
The agreement signed this Monday is part of the plan to respond to the effects of the Covid-19 pandemic on the country's economy.
According to the Angolan Minister of Economy and Planning Sérgio Santos, this funding will be applied to initiatives already registered in the State Budget, which is expected to start in January 2021.
"These are two measures, on the one hand to reduce the bureaucratic burden in the recognition, registration and licensing of economic activities, but on the other hand we have to act in order to get these informal operators to recognize that their self-employment or their entrepreneurial initiative can be better carried out within a framework of stability and formality," Sérgio Santos - Angolan Minister of Economy and Planning said.

Related Keywords

Angola , Angolan , Jannette Seppen , European Union , Head Of The European Union Delegation , Informal Economy Conversion Program , Angolan Minister , State Budget , European Union Delegation , Gross Domestic Product , அங்கோலா , ஐரோப்பிய தொழிற்சங்கம் , தலை ஆஃப் தி ஐரோப்பிய தொழிற்சங்கம் தூதுக்குழு , முறைசாரா பொருளாதாரம் மாற்றம் ப்ரோக்ர்யாம் , நிலை பட்ஜெட் , ஐரோப்பிய தொழிற்சங்கம் தூதுக்குழு , மொத்த உள்நாட்டு ப்ராடக்ட் ,