World Bank donates US$13 million to Sao Tome and Principe

6 October 2015

The World Bank (WB) will grant Sao Tome and Principe a donation of US$13 million to support the state budget and investments in the energy sector, a World Bank official said in Sao Tome.

The announcement was made by Elizabeth Huybens, new director of World Bank operations in five African countries – Angola, Cameroon, Gabon, Equatorial Guinea and Sao Tome and Principe – according to Portuguese news agency Lusa.

At the end of an audience granted by the acting president of the National Assembly of Sao Tome and Principe, Levi Nazaré, Huybens said that US$3 million was earmarked for the state budget while the remaining US$10 million would be invested in 2016 on repairing the hydroelectric facility on the Contador River. (macauhub/ST)