World Bank invests USD 170 million in Angola over 3 years

23 November 2005

Luanda, Angola, 23 Nov – Over the last three years board of the World Bank has approved five projects in Angola of a total value of over USD 170 million, the bank’s representative in Angola has said.

According to Laurence Clarke, speaking at a press conference to announce the end of his three-year term in Angola, the approved projects are related to demobilization and social integration (USD 33 million), community projects related to the Social Action Fund (USD 55 million) and the process of rebuilding infrastructures (over USD 50 million).

Clarke said the projects also included anti aids, malaria and tuberculosis programs and technical assistance for the Ministries of Finance, Planning and the National Statistics Institute.

The World Bank representative, who is due to leave Angola next week, said that USD 100 million had been earmarked for reconstruction of roads, medical centres and water supply under the terms of a program to be approved within the next few months.

Clarke’s replacement will pay particular attention to increasing ties with the Angolan government and the donation community, creating infrastructures and resolving Angola’s principal problems, he said.

An information centre was opened Tuesday in the World Bank headquarters in Luanda, with the aim of providing information about the bank to Angola’s population.