According to a note released this Tuesday by the Finance Minister Vera Daves de Sousa's office, the declaration of a state of emergency, due to the pandemic of the disease caused by the new coronavirus (SARS-CoV-2), “constitutes a case of force majeure ”.
For this reason, Luanda announced that it will “suspend the execution of all contracts under the Public Investment Program, the source of which is not yet secured”.
Contracts "of a non-priority and structural nature within the scope of development support expenditure" are also suspended.
This Government decision excludes “contracts and procedures from the health, education and social action sectors”, as well as those “related to logistical supply, basic sanitation and others whose source of financing is previously assured”.
The note adds that the budget units must also “communicate to their suppliers and competitors / candidates” the suspension of contracts in execution and ongoing procedures, “based on the drop in oil prices” and the impact of the pandemic of the disease covid- 19 in public finances.
Globally, according to an AFP report, the covid-19 pandemic has already caused more than 174,000 deaths and infected more than 2.5 million people in 193 countries and territories.
