Wed, 17 Jul 2019 11:01 - Updated Wed, 17 Jul 2019 11:01
WB financing supports ongoing reforms- minister
Luanda - Angola’s Finance minister, Archer Mangueira, stressed on Tuesday, the importance of the financing approved by the World Bank for the strengthening of social protection in the country and the ongoing reforms in its subsides system.
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Archer Mangueira, Minister of Finance (file)
Photo: Antonio Escrivão
The minister made the statement to the press following the new USD 1.3 billion financing package approved for the country by the World Bank.
In the meantime, out of the overall package USD 320 million will be addressed to the strengthening of the Social Protection System, while USD 500 million will be used for budget support operation and USD 500 million for Luanda water’s project.
With the new package approved, the World Bank raises to USD 2.5 billion the financing portfolio for Angola.
In addition, the minister underlined that the Angolan government is committed to a rigorous and transparent management of the resources made available by the World Bank and counts on its technical assistance to materialize the financed projects.
- 16/07/2019 19:09:03
Luanda - The World Bank today increased the volume of the project portfolio to Angola to a total of US $ 2.5 billion, after approval by its Board of Directors of a new financial package for the country in the total value of USD 1.32 billion.
- 16/07/2019 18:30:05
Luanda - Angola’s Finance minister, Archer Mangueira, said on Monday in Luanda, that he is expectant on the approval in Washington, of the projects the country has submitted to World Bank, which will consecrate Tuesday as “Angola Day”.
- 16/07/2019 17:51:48
Luanda - The Angolan government and World Bank signed on Monday in Luanda, three agreements to support the implementation of the reimbursable Technical Assistance (RAS) and Reforms and Privatizations of Public Firms and Private-Public Partnerships Programme (PPPs).