Luanda - The loan portfolio and subsidies the African Development Bank (AfDB) has made available for Angola is estimated at 2.95 billion US dollars applied in social and economic projects.
According to a statement published at the Finance Ministry's official website, in total the bank has approved 53 loans and subsidies for Angola, which has made it possible to fund projects linked to the agriculture, fishing, energy, water and sanitation, transport, finance, governance, private sector development and environment sectors, amongst others.
A delegation of the AfDB on mission in Angola was received Monday by members of the Angolan government to discuss the new Country Strategy Paper (CSP) for the 2024/2028 period.
The mission, which is due to remain in the country until March 3, plans to assess the government's priorities related to AfDB strategic work, discuss the role of the financial institution and assess the results of the 2017-2021 CSP, which was extended to 2023.
According to the document, the process of outlining the new CSP 2024-2028 also includes the current strategy completion report and the diagnosis note that provides basic information for the new CSP.
In addition to discussions around the country diagnostic note and the CSP 2017-2023 completion report (CSP CR), the agenda of the AfDB's mission provides for meetings on the bank's Indicative Action Plan portfolio implementation and general cooperation with the authorities and other stakeholders.
The mission of the financial institution will also share guiding lessons on the bank's future cooperation with the country, identify strategic areas for medium-term cooperation through the new CSP 2024-2028, review the performance of the country portfolio and present economic studies that provide "insights", to contribute to the definition of priorities.
The AfDB team's work agenda also includes meetings with officials from the ministerial departments of Economy and Planning, Transport, Energy and Water, Agriculture and the National Bank of Angola (BNA).
Angola has been a regional member of the African Development Bank since 1980. The first loan operations with the bank date back to 1983.
Since then, the AfDB has approved above 53 loans and grants to Angola.
