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World Food Bank finances increase in national agricultural production

The World Food Bank (WB) will provide between 40 and 60 million dollars to Angola to boost agricultural production, food stability and help small farmers with credits and job creation.

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"The World Food Bank will support Angola to increase agricultural production, have food stability, as well as help small farmers with credits and facilitate job creation," the government said in a statement published on its official Facebook page.

The statement also said that in a first phase, BAM "will invest directly between 40 and 60 million dollars, and over time will increase the amount until it reaches two billion dollars.

According to Richard Lackey, president of BAM, who was speaking to the press after being received this Thursday by the President of the Republic, João Lourenço, the policies of the head of state for the development of the country "are being well noted worldwide, being more impressive the agricultural and industrial production.

For this reason, the official considered that BAM's main objective is to "bring more expertise to Angola to work on the quality of production.

The Minister of Agriculture and Fisheries, António Francisco Assis, admitted that this investment "is a great support in the field of food production" and that the specialists will help "to improve performance and efficiency, in order to ensure good food security in the country.

The holder of the Agriculture and Fisheries portfolio assured that the Executive is working with "various sectors" to create a "strategic food reserve, mostly composed of domestic products, in order to contribute to price stability.