Portugal to help Angola recover embezzled funds

Nov 25, 2018

The Portuguese prime minister António Costa said his country’s authorities will support Angola in fight against corruption, as pledged by the president João Lourenço.

António Costa made the pledge at a joint press conference held at the Palácio da Bolsa in Oporto, Portugal.

The premier said that Portuguese Government position is also shared by the President of Republic, Marcelo Rebelo de Sousa.

In terms of foreign policy, the Government and President of the Republic always think exactly the same thing, he told a press conference, also attended by the Angolan Head of State, João Lourenço.

The head of the Portuguese Government pledged the Portugal’s full cooperation to bring the money back to Angola. António Costa spoke of the need of carrying out the money repatriation process between the two countries, but he cautioned that the process should not undermine the stability of the financial system.

As for the Angolan debts to Portuguese companies, António Costa stated that there are 200 million Euros in certified (identified) debts and 100 million as having been settled. However, he praised the work performed by Angolan authorities focused on solution of pressing issues.

President João Lourenço had last week travelled to Oporto city, as part of his three-day 22-24 November visit to Portugal.



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