Africa-Press – Angola. The financing strategy of the International Financial Corporation (IFC) is based on the energy, agribusiness and financial sectors, to leverage the private sector, said yesterday, in Luanda, the institution’s representative for Angola, Carlos Katsuya.
Speaking at the opening of the 1st edition of the Angola Economic Outlook (AEO), promoted by the Ministry of Economy and Planning, in partnership with the magazine Economia & Mercado, he underlined that, in addition to the priorities mentioned, he also highlighted cross-cutting sectors, such as transport, telecommunications and technologies.
He explained that the IFC, attached to the World Bank, is interested in projects that contribute to the process of diversifying the economy in Angola.
The official considers the model of Public-Private Partnerships (PPP) as an important path that the Government of Angola is committed to following.
“It’s an important path. IFC has the will and capacity to work together with the Government of Angola. We can bring the international experience that we have, which we have presented over the last 50 years, in projects around the world, and try to bring these lessons so that we can develop these PPPs in Angola more efficiently”, he said.
He stressed that the important thing is that the partnerships bring foreign investors, with technical capacity to develop the projects.
The World Bank Group’s IFC is the largest global development institution focused on the private sector in emerging markets.
The institution works in more than 100 countries and uses its capital, technical knowledge and influence to create markets and opportunities in developing countries.
According to data, in fiscal 2020, it invested $22 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and increase prosperity.
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