Africa-Press – Angola. Angola received financing guarantees for its portfolio projects from World Bank Group financial institutions, particularly those in the private sector, during the annual meetings of the Bretton Woods institutions, which concluded on Saturday in Washington, D.C.
According to Victor Hugo Guilherme, the Angolan minister of planning who led the country’s delegation, Angola’s participation in the global event enabled negotiations with the International Finance Corporation (IFC) to secure additional financing for private projects, a request that was met with a positive response.
Additionally, Guilherme stated that the IFC had finished a study on business opportunities along the Lobito Corridor, connecting three African countries: Angola, the Democratic Republic of the Congo (DRC), and Zambia via the railway line in the Angolan province of Benguela.
Guilherme said the Angolan tourism sector attracted the IFC’s interest as well. He added that the IFC’s preliminary portfolio in Angola is quite diversified and includes financing for infrastructure construction, as not all projects have yet been approved.
He added that good project preparation is necessary for this financing to arrive and that Angola relies on the World Bank’s assistance in this phase.
“If we don’t prepare more and be more engaged, we won’t get the support we’re counting on. The Corridor was referred to as an example of a well-structured project in every meeting I attended”, he said.
The World Bank and IMF meetings are annual gatherings that bring together government representatives, central bankers, private sector leaders, and civil society members to discuss the global economy, poverty eradication, and development. The next annual meetings will take place in Thailand in October 2026.
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