Africa-Press – Angola. The International Finance Corporation (IFC) intends to expand its financing portfolio in Angola, with a view to ensuring better basic infrastructures to boost the national private sector.
The intention was announced on Wednesday, in Luanda, by the Secretary of State for Public Investment, Ivan dos Santos, at the end of a meeting between the Angolan Government’s economic team and the director general of IFC, Makhtar Diop, who began, on Tuesday (9), a four-day working visit to Angola.
According to the director, the reinforcement of financing stems from the satisfaction expressed by Makhtar Diop regarding the progress and economic structure that Angola has been developing in recent years.
This confidence, he highlighted, will give greater flexibility to this World Bank member institution to bring classic and pure financing to national businesspeople, as well as some instruments such as guarantees to reduce the risk for those who want to invest in Angola.
He also spoke of the Society’s interest in investing in the Lobito Corridor and in other corridors, such as the South and North, the latter which will, from Porto do Caio (Cabinda), connect the neighboring countries in the north border.
Ivan dos Santos specified that the International Finance Corporation’s financing portfolio in Angola is currently valued at US$198 million, with the Executive expecting to increase it to up to US$600 million to support the private sector.
He added that in this challenge they will count on the help of some existing structures to identify entrepreneurs who have the capacity to structure themselves with the IFC, with priority falling on the agricultural sector – given its importance for the country’s food security – in addition to energy, tourism and other processes in the value chain of different segments.
“We know that it is still complex to adhere to the lines available by the Corporation, we have little private sector to benefit and we can mention, for example, Refriango, which has already been included”, he detailed.
The meeting with the general director of the IFC was chaired by the Minister of State for Economic Coordination, José de Lima Massano, Ministers of Planning, Victor Hugo Guilherme, Minister of Finance, Vera Daves, and Minister of Agriculture, Isaac dos Anjos.
Makhtar Diop’s work agenda includes a high-level round table and a trip to the province of Benguela, where he will learn about the Lobito Corridor and the activities of the Carrinho Group.
IFC, a member of the World Bank Group, is the largest global development institution dedicated to the private sector in emerging markets. It operates in more than 100 countries, mobilizing capital, technical expertise and influence to create markets and opportunities in developing countries.
In fiscal 2025, IFC committed a record $71.7 billion to private companies and financial institutions in developing countries, leveraging private sector-led solutions and mobilizing private capital to build a world without poverty on a sustainable planet.
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