Africa-Press – Angola. The World Bank, in partnership with the United Nations Organization for Industrial Development, UNIDO, and the International Trade Centre, ITC, are applying 41.7 million euros, as a fund to guarantee technical assistance for investment projects underway, in African, Caribbean and Pacific countries, for the period 2019-2024.
Of the 41.7 million euros, 12 million are allocated by the World Bank, 15 million by the United Nations Industrial Development Organization, and 14.7 million financed by the International Trade Centre.
The data were shared by the leader of investment policies and promotion of the business environment at the World Bank, Ivan Nimac, who was speaking at the beginning of the work of the X Summit Organization of African, Caribbean and Pacific States (OEACP), which started this Tuesday -Friday, in Luanda.
As I said, the investment projects that are being technically assisted by the World Bank, the Organization for Industrial Development and the International Trade Centre, are based on three fundamental pillars that have to do with macro and micro projects.
According to Ivan Nimac, the macro investment projects being assisted by the World Bank aim to improve the business and investment environment, improve institutional policies, regulations and strengthen institutions to ensure the attraction of investors.
The companies’ exhibition, opened this Tuesday morning, addresses the measures to be adopted for the implementation of friendly business programs between the countries.
The event is part of the program of the tenth Summit of Heads of State and Government of the Organization of African, Caribbean and Pacific States.
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