ADB mission in Angola to help raise funds

17 June 2015

A mission from the African Development Bank (ADB) has begun a visit to Angola as part of the technical assistance programme in the country, particularly to seek international financial support, the Angolan Finance Ministry said Tuesday in Luanda.

Technical staff from the ADB met on Tuesday with the Secretary for the Treasury, Leonel da Silva and the visit, which will last until June 26, is intended to support the Angolan government “to secure additional financial resources in the international market. ”

It also aims to “assist the economic diversification programme” and assess the implementation of support programmes for reform of infrastructure, investment, trade, and public investment management, the Ministry of Finance said.

The Angolan government forecasts public debt for 2015 of around US$20 billion in order to ensure execution of the State Budget, offsetting declines in oil revenues. (macauhub/AO)