Angola: World Bank Makes Available U.S.$70 Million for Local Development

Luanda — A three-year financial agreement amounted at USD 70 million was signed last Tuesday, in Luanda, between the Republic of Angola and the World Bank (WB), aimed for the funding of a "Local Development Project".

The diploma - signed by Finance minister Archer Mangueira and the interim representative of the World Bank, Oliver Godron - is to be implemented by the Social Support Fund (FAS) in co-ordination with the Ministry of Territory Administration and State Reform.

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