African Development Bank donates US$7 million to Angola

7 March 2011

Luanda, Angola, 7 March – The African Development Bank (ADB) has approved a donation of around US$7 million to fund an institutional support project for the Angolan Ministry for Planning, the bank’s director for Angola said in Luanda Saturday.

Tombwele Pedro, who is also the ADB director for Namibia, Zimbabwe and Mozambique, told Angolan news agency Angop at the end of his five-day visit to Angola, that the donation was not included in the current funding of US$32 million that the bank had recently provided to Angola to fund social and economic projects.

The ADB has provided Angola, since 1986, with a total of US$487 million, and m since 2000, its portfolio of aid has included eight projects worth US$120 million linked to agriculture, rural development and the environment (49 percent), education and health (27 percent), water and sanitation (16 percent) and multi-sector support, specifically institutional aid and a credit line (8 percent). (macauhub)