Angola: World Bank Funding in Angola Reaches U.S.$ 1.1 Billion

Luanda — The World Bank (WB) financing portfolio in Angola is currently valued at USD 1.1 billion, said Wednesday in Luanda, the vice- president of the institution, Hafez Ghanem.

Agriculture, health and education are the areas where the World Bank has allocated its financing to Angola. This financial assistance, envisaged for the next three months, aims at the social protection of the most vulnerable populations.

On the sidelines of a meeting with the Economic Commission of the Council of Ministers, Hafez Ghanem stressed that this new financial support that the WB will grant to Angola results from the trust in the programs that are being implemented by the Government.

During the meeting, the Angolan economic team and WB Vice-President Hafez Ghanem also discussed issues related to the WB's support for agriculture and how the agricultural sector can grow, and discussed how the Bank can provide support to the mining sector.

See What Everyone is Watching

More From: ANGOP

Don't Miss

AllAfrica publishes around 600 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.