World Bank supports the 2018 Angolan state budget

3 November 2017

The World Bank will support the 2018 Angolan general state budget, which should be assessed later this month by the Council of Ministers and approved by the National Assembly by December, the World Bank vice president for Africa Makhtar Diop said.

Diop visited Angola from 31 October to 2 November, as part of the strategic review of regional integration within the framework of the priorities for 2017. He was given an audience with President João Lourenço with whom he looked into the issue of support for the State Budget.

Cited by Angolan press, Diop said he was studying the possibility of budget support in the areas of education, health, energy and water resources and agriculture, but declined to give a value for that support for the first of five terms of the new Angolan President.

As a result of negotiations between Angola and the World Bank, the parties believe there is a need to increase the financial package to support important projects in the social sector, notably the electricity and sanitation sectors, taking into account the financing needs of the country over the next few years.

Before the audience with the President of the Republic, Diop met with the Minister of Finance, with the governor of the National Bank of Angola, with the Ministers of Economy and Planning, Energy and Water and Health as well as with the State Secretaries of Agriculture, Education and the Budget.

The Minister of Finance, Archer Mangueira, said the State Budget for 2018 is already being drawn up and that there is a timetable approved by the Council of Ministers which sets its consideration for later this month. (macauhub)