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 being carried out in the 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 Center.
The data was shared by Ivan Nimac, head of investment policies and business environment promotion at the World Bank.
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, which have to do with macro and micro projects.
According to Ivan Nimac, the macro investment projects, which are being assisted by the World Bank, aim to improve the business and investment environment, improve institutional policies, regulations and strengthen institutions to guarantee the attraction of investors.
The companies’ exhibition, opened yesterday morning, approaches 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 (OASCP).
Potentialities in agro-industrial production
The member countries of the Organization of African, Caribbean and Pacific States (OEACP) have been exposing, since yesterday morning, in Luanda, the local potential, with emphasis on agro-industrial production.
At the exhibition at the Talatona Convention Hotel, in Luanda, some countries such as Cape Verde, Ghana, Madagascar, Senegal, Dominican Republic and Zambia shared their experiences on the technical assistance they are receiving from the World Bank.
Sharing the results obtained so far in these countries makes it possible to observe the opportunity for investment and the economic growth that they are having with the implementation of investment projects for the 2019-2024 period.
According to Ivan Nimac, representative of the organization, the work of the World Bank is to help with technical assistance, for the creation of conditions for the implementation of viable policies to attract investors.
“The World Bank, with these investment projects, intends to develop African, Caribbean and Pacific countries, in order to improve the domestic investment environment. The objective is to have more exports and the creation of new jobs”, he said. .
On the sidelines of the meeting, coffee and tea production by companies and cooperatives from Ghana, Cameroon, DRC and Liberia was exhibited.
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