Africa-Press – Angola. The Director-General of the International Finance Corporation (IFC), Makhtar Diop, concluded his four-day working visit to Angola on Friday (12), guaranteeing the availability of USD300 million dollars to finance, essentially, the private sector.
The aforementioned financing will be destined for the private sector, with a view to boosting agriculture, national tourism and logistics.
The institution’s intention is to reach an investment portfolio of a billion dollars by 2030.
Makhtar Diop’s last day of work in the country was reserved for a trip to the province of Benguela, where he visited the operations control center, the Lobito Atlantic Railway (LAR) office and the facilities of the Carrinho Group, in addition to having a meeting with the provincial governor, Manuel Nunes Júnior.
During his stay in Angola, the leader of the financial arm of the World Bank Group (WB) was received in audience by the President of the Republic, João Lourenço, held a meeting with the Government’s economic team and participated in a high-level inter-ministerial roundtable.
The IFC 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.
Its strategic priorities include renewable energy and climate, infrastructure, financial inclusion, sustainable agriculture, private education and health.
In the 2025 financial year, the IFC allocated $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.
The IFC’s current financing portfolio in Angola is valued at US$200 million, and is expected to reach US$1 billion in the next 4 years.
For More News And Analysis About Angola Follow Africa-Press
