Africa-Press – Angola. The World Bank (WB) has US$2.7 billion available to invest in development projects in Angola, said the regional director of that international financial institution this Wednesday (5th) in Luanda.
Albert Zeufack, who is responsible for Angola, the Democratic Republic of Congo, Burundi and São Tomé and Príncipe, was speaking at the end of an audience with the President of the Republic, João Lourenço, in Cidade Alta.
Albert Zeufack stressed that the World Bank is “very pleased” to work with the Angolan Government, above all, in actions aimed at implementing projects aimed at increasing water supply, social protection, “similar to Kwenda”, and others. aimed at the Agriculture sector, where, as he pointed out, there are already two, with MOSAP being the best known.
“All these projects aim to improve and improve the Angolan population’s standard of living”, stressed the official, underlining that the World Bank’s business portfolio in the four countries it represents has grown significantly in the last five years.
Zeufack revealed that the meeting with the President of the Republic made it possible to discuss the “avenues” for the deepening of relations between the World Bank Group and Angola, as well as the need to deepen reforms in matters related to the diversification of the country’s economy, in particular for the generation of more jobs for the Angolan population.
“We also discussed, in depth, reforms in the areas of Energy, Digital Economy, Human Capital Development, Education, Health, as well as water and energy supply services for the population of Luanda, with emphasis on the populations of the areas rural areas”, he stressed.
The World Bank is a financial institution made up of more than 180 countries with the objective of allocating loans to underdeveloped or developing nations.
It is the largest and best-known development bank in the world, in addition to having observer status in the United Nations Development Group and in other international forums, such as the G-20 financial.
The bank’s head office is located in Washington, DC, United States of America, and is part of the World Bank Group. The bank’s mission is to achieve the dual objective of eradicating extreme poverty and building shared prosperity.
The World Bank is composed of two organizations that work under the same structure: the International Bank for Reconstruction and Development (IBRD or BIRD) and the International Development Association (IDA or IDA).
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