Crown Agents•Private Limited Company•Our mission:
Deal with humanitarian, economic and social problems
which bring suffering to people or prevent people tomaximize their potential.

•We are a Public Interest Organisation•We act on a commercial basis•Owned by a Foundation•Non-Profit Distributing Organisation•Do not receive any subsidy•We must make a surplus.
•Dividend paid to the Foundation•Foundation distributes for development

1

Crown Agents’ Structure
Developmental Purpose
Crown AgentsFoundation

Crown Agents BoardPublicFinanceManagement
Developmental Services

Developmental Services
FinancialServices
SupplyChain
Management

DisasterRelief
Humanitarian

Crown Agents Ltd.
2

Public Finance Management
Holistic View
Procurement
PolicyExpenditure
Targeting

Revenue-Tax
Collection

Industrial
SupportExpenditure
Planning

Revenue Tax
PolicyBudget Planning& Execution

Supply Side
Policies

Government
Accounts

BudgetFinance Policy

Accounting &Audit
Standards

CashManagement

Debt
Management

Foreign Econ
relations,including Aid

Exchange Rate
PolicyMacroeconomic Policy andProjections

MonetaryPolicy

FinancialMarket Dev.

3

Public Finance Management
The Skills and Expertise

4•

Budget/Accounting•Customs and Trade Facilitation•Direct and Indirect Tax Reform•Debt Management•Information Technology•

Human Resource Development•Institutional Development

Intnl.
EconomicPolicy

FinancialMarket Regs.

Public Finance Management
Big Impact Projects
Procurement
PolicyExpenditure
Targeting

Revenue-Tax
Collection

Industrial
SupportExpenditure
Planning

Revenue Tax
PolicyForeign Econ
relations, in
AidExchange Rate
PolicyMacroeconomic Policy andProjections

Budget Planning& Execution

Supply Side
Policies

Government
Accounts

BudgetFinance Policy

Accounting &Audit
Standards

CashManagement

Debt
Management

Monetary
PolicyFinancialMarket Dev.

5

VAT in LESOTHOSIX YEARS OF SUPPORT FOR LESOTHO• Support for the introduction of VAT• Supply of Taxation Software• Supply of a taxpayer ID system• Support for the introduction of theRevenue Authority• On-going dialogue

6Intnl.
EconomicPolicy

FinancialMarket Regs.

Debt Management in Angola






Training


Delivered tailored course in 2002 in debt recording and analysis



MoF regular attendees on our UK debt management courses

Pursuing World Bank Program: ‘Economic Management TA’Component 3: strengthening public debt management

Focus on strengthening institutional and operational relations between
Ministry of Finance (MoF) and Banco Nacional de Angola (BNA)

Liaising with Debt Relief International on debt sustainability
Received briefing after recent DRI visit to Luanda /meeting with MOF

Crown Agents working closely with DRI in other countries, e.g. Nigeria

Maintain relations with key individuals in MoF

7Angola Customs Expansion &Modernisation Programme• Part of the Government of Angola’s Economic andSocial Reform Plan;• Programme owned by Government of Angola;• 5 year Contract: March 2001 to February 2006;• Barometer for the International Finance Institutes• Ambitious objectives and targets8Angola Customs Expansion &Modernisation Programme
Key Objectives• Enhance revenue yield - from non-oil sector• Introduce appropriate Information Technology• Improve Clearance Processes and reduce costs for Legitimate
Trade• Revise Legislation & Procedures• Restructure Organisation• Modernise Infrastructure• Introduce HR Development & Training Programmes• Ensure Sustainability

9Angola Customs Expansion & Modernisation
Programme
Results to date:
ANGOLAN NATIONAL DIRECTORATE OF CUSTOMSREVENUE COLLECTEDPERIOD: JANUARY - DEZEMBER 2000, 2001, 2002, 2003 & 2004
USD MILLION
900828,173
800700722,881

U S D M ILL IO N

600
535,102500
400

352,209300
215,45200
100

100January

February

MarchAprilMay

JuneJuly

AugustSeptember

OctoberNovember

DecemberCustoms Systems Delivered
LatviaKosovoBulgaria
BahamasJamaica
AngolaMozambique

11

Tax Systems Delivered

Isle of Man
JordanKarnataka
India

JamaicaGhana

UgandaTanzania
ZambiaMozambique
Lesotho12

That was Crown Agentsin a Nutshell

Now overtoRon McGill13