ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage



Home » News » Economy

Sun, 31 Jan 2016 12:57 - Updated Sun, 31 Jan 2016 12:57

World Bank technicians discuss loan programme operation

Luanda - A World Bank mission ended on Friday a working visit to Angola in order to negotiate with the Angolan authorities the second operation DPL (Development Programme Loan - Loan Programme for Development), according to a statement from the Ministry of Finance.

Send by email

To share this news by email, fill out the information below and click Send


To report errors in the texts of articles published, fill out the information below and click Send

During his last meeting with the Finance Minister, Armando Manuel, on Friday, says the document that reached Angop, the head of the World Bank mission, Rafael Barroso reiterated the availability of that financial institution to help the country.

It is the help to implement the recommended reforms by March 2016 so that the country can benefit from funding until June.

The World Bank mission was in Luanda in order to review the previous actions and assess the degree of compliance with previously agreed actions between the parties under the first operation of DPL facility, as well as to follow up the negotiations concerning the granting of the second operation by that institution, regarding its support to the implementation and completion of the second phase programme.

The mission took note of the impact of the decrease in oil prices in the Angolan economy, as well as the effects on the expected execution of the State Budget (OGE) for the year 2016 and expressed its satisfaction as the measures already taken and to be taken in the context of the strategy in the face of adversity, either on the expenditure side or the revenue side.

According to the note, the Angolan side shared with the World Bank technicians some preliminary data on the fiscal results of the financial year of 2015, marked by stability and fiscal and macroeconomic sustainability.

The World Bank team was in the country on 25-29 January and held several meetings with officials from the Ministries Planning and Territorial Development, Urbanisation and Housing, Social Welfare, as well as experts from the National Bank of Angola, Sonangol, Social Aid Fund and the General Tax Administration.

Tags Economy  

Read also
  • 23/01/2016 13:22:59

    Cuanza Norte/Electricity: New tariff brings about entrepreneurial self-sustainability

    Dondo - The energetic sector in Angola can gain self-sustainability with the recent adjustment, made by the Executive, to the tariffs to be charged to the consuming public, said last Thursday here the secretary of State for Energy, Joaquim Ventura.

  • 21/01/2016 07:08:16

    Moxico: Cameia town to host Banana Fair

    Luena - A banana fair, which is expected to boost and promote the potential of the fruit, will be held next May in Cameia town, eastern Moxico province, announced on Wednesday in Luena, the provincial director of Agriculture, Antonio da Silva.

  • 19/01/2016 19:49:59

    Moxico: CFB train boosts economy

    Luena - The circulation of the Beguela Railway (CFB) train that re-started in 2012 after rehabilitation is boosting the economic development in the eastern Moxico province, by enhancing trade.