Ver Angola

Economy

World Bank provides 2.7 billion dollars to invest in Angola

The World Bank has 2.7 billion dollars available to invest in development projects in Angola, assured its regional director, Albert Zeufack, at the end of the audience with the President of the Republic this Wednesday, at the Presidential Palace.

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Speaking to the press, Albert Zeufack, responsible for the World Bank in Angola, Democratic Republic of Congo, Burundi and São Tomé and Príncipe, said that the meeting served to analyze ways to deepen relations, reforms in matters of diversification of the economy and job creation.

"We discussed these reforms from the perspective of energy, digital economy, human capital development, education, health, as well as water and energy supply services for the population of Luanda, but also for the populations of rural areas", he added.

Albert Zeufack revealed that the institution's business portfolio has grown significantly in Angola over the last five years, as well as in the Democratic Republic of Congo, Burundi and São Tomé and Príncipe.

"The World Bank is very happy to work with the Government of Angola to make progress on projects aimed at increasing water supply, social protection projects such as the Kwenda project, as well as in the agriculture sector, where we have two projects, one of which is better known, MOSAP", he said.

Since being appointed to the post of regional director of the World Bank, Albert Zeufack is visiting Angola for the first time.

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