Africa-Press – Angola. The World Bank (WB) investment portfolio in Angola totals US$1.2 billion annually, Axel van Trotsenburg, the senior executive director for management of this international organization, announced on Wednesday in Luanda.
Speaking to the press after leaving a meeting with the President of the Republic, João Lourenço, Axel van Trotsenburg reported that the set of government projects in Angola financed by the World Bank has already reached nearly US$5 billion.
Axel van Trotsenburg, head of Development Policy and Partnerships at the WB, added that, since 2022, the institution’s financial commitment to the Angolan government has been approximately US$1,200 million.
He emphasized that the institution has several support modalities, including guarantees such as the one provided by the World Bank under the Bita project in Luanda province.
Bita Project
The Bita project, or System IV, aims to improve the water supply to the southern part of Luanda.
In the first stage, the project will bring 259,200 cubic meters per day of nominal production, 100,000 cubic meters of storage, 66 kilometers of adductors, 3,700 kilometers of distribution network and 170,000 household connections.
The World Bank’s Senior Executive Director said he discussed with the Angolan President the possibility of continuing to support the government in various ways, reiterating the institution’s commitment through investment and analytical work, technical assistance, and support to the private sector.
He also expressed gratitude for Angola’s trust in the World Bank, considering it a strategic partner for the country’s development.
Strengthening the Partnership
The World Bank delegation, led by its Senior Director General, Axel Van Trotsenburg, is in Angola to strengthen its partnership with the Angolan government.
The delegation plans meetings with development partners, the private sector, and Angolan experts in economic and social policy, as well as field visits to FILDA and the Bita water project construction site, and a trip to Benguela province to engage with local authorities and stakeholders in the Lobito Corridor.
On the last day of the mission, the delegation will participate in the “World Bank Academy” public event, where three World Bank Group analytical papers on Angola’s economic situation and outlook will be shared.
The delegation, in addition to senior World Bank executives, includes Ndiamé Diop, the Regional Vice President for East Africa.
Axel van Trotsenburg, a Dutch-Austrian national, is responsible for Development Policy and Partnerships.
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