LUANDA, (Xinhua) --
The World Bank and the Angolan
government reached a 280-million-U.S.-dollar deal
here Thursday to benefit the water and agricultural
Minister Archer Mangueira, the president of the
Credit Guarantee Fund, Joao Julio Fernandes, and the
World Bank representative in Angola, Sao Tome and
Principe Oliver Lambert signed the deal.
Mangueira said the deal is expected to boost the
Angolan economy as a major step to diversify the
economy as was laid out in the National Development
Plan (NDP) for 2018-2022.
Angolan official said that the national Commercial
Agriculture Development Project is part of a broader
program supported by 100 million U.S. dollars’ worth
of funding from the French Development Agency.
Meanwhile, the World Bank representative said that
the funding will contribute to increasing coverage
of the water supply in nine cities across the
country, namely Malange, Lubango, Ndalatando, Dundo,
Luena, Mocamedes, Kuito, Huambo and Uige.
Altogether 1.2 million people will benefit from the
improved public water services.
said that the deal will also strengthen the capacity
building of local water and sanitation companies. .