This mid-term evaluation concerns the Budget Support programme “Support to the Formalisation of the Economy Including Social Protection and Support to Public Finance Management.” The global objective of the evaluation is twofold:

• To provide the relevant services of the European Union and interested stakeholders with an overall independent assessment of the programme’s performance, with particular attention to its different levels of results measured against expected objectives and the underlying factors influencing those results; and
• To identify key lessons learned, conclusions, and related recommendations in order to inform decision-makers on how to improve current and future Budget Support programmes.

The evaluation will deliver an independent assessment of the programme’s performance, effectiveness, and sustainability. It will analyse how Budget Support inputs, policy dialogue, and complementary actions have contributed to Angola’s formalisation and public finance management strategies. Particular attention will be given to the evolving institutional context, data and governance gaps, and the relevance of the intervention logic in light of recent policy developments. The evaluation will generate lessons, conclusions, and actionable recommendations to support better decision-making by Angolan authorities, the EU, and its partners.