Mon, 17 Jun 2019 11:37 - Updated Mon, 17 Jun 2019 11:37
WB conducts public consultation on partnership framework
Luanda - The World Bank in Angola launches this Monday, via online, the public consultation initiated last May, to gather more contributions from society, through its website, www.worldbank.org/en/ country / angola.
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Last May, the WB launched this public consultation with members of the Executive, MPs and provincial governments to improve the partnership for 2020-2025, which includes portfolios of projects related to the diversification of the economy and strengthening of institutional capacity.
Speaking to ANGOP, the group's senior operations officer in Angola, Ana Maria de Carvalho, said that among the various projects, with an overall financial package of over USD 1 billion, the portfolio is focused on strengthening economic and social programmes, diversification and growth in the private sector.
With regard to strengthening governance for economic and social transformation, the WB wants to assist in the transparent, evidence-based, transfer and accountability of decentralized service delivery.
As an example, for the process of administrative decentralization in progress in the country and support for the creation of local authorities in Angola, the WB has $ 250 million in its financing portfolio.
The partnership drawn up on the basis of the National Development Plan (PDN) 2018-2022 also includes projects related to the definition of bases for access to a cost effective basic economic services such as water, electricity, telecommunications and transport.
These initiatives, aimed at boosting private sector-centered diversification and growth, will be supported by the IFC (International Financial Corporation), the World Bank Group's IFC, which also wants to help improve and increase agricultural productivity in areas to be selected.
Improving macro-fiscal resilience, streamlining Government intervention in productive activities, are other projects under consultation by the World Bank Group.
In Angola, several World Bank projects related to agriculture (Mosap), health, education and surveys carried out by the National Statistical Institute (INE) are underway.
The World Bank Group, MIGA-Multilateral Investment Guarantee Agency, IFC-International Finance Corporation, IDA-International Development Association (IDA) and International Bank of Reconstruction and Development (IBRD) are part of the World Bank Group.
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Luanda - The Angolan Executive and business associations will carry out the survey and support the "Effort Projects", business initiatives with a physical and financial execution rate of more than 50% and that can be completed in the fourth quarter of 2019 and first of 2020.