World Bank provides loan of US$81.7 million to Angola

17 March 2011

Luanda, Angola, 17 March – The Angolan government and the World Bank Wednesday in Luanda signed a loan agreement of US$81.7 million for the execution of local development projects.

Cited by Angolan news agency Angop, the minister for Planning, Ana Dias Lourenço, said that the finance agreement would make it possible to carry out the new projects in the Social support Fund (FAS) and the Local Development Programme, as it complemented the activities the government had been carrying out.

In his turn, the resident World Bank representative in Angola, Eleotério Codato, said he hoped that the Ministry for Planning and the FAS would increasingly focus on raining municipal administrations, with a view to solving problems with access to basic services and drawing up development plans.

In his turn, the chief executive of the FAS, Victor Hugo Guilherme, noted that the project extended to all of the country’s provinces, and it was the responsibility of the provincial governments to identify the municipal areas that would benefit.

The World Bank has been Angola’s partner since 1995 and has funded several projects there. (macauhub)