World Bank maintains interest in investing in Angola

Luanda – The International Finance Corporation (IFC), the financial arm of the World Bank (WB) group, which supports the private sector, recently showed interest in continuing to invest in the Angolan market due to the country’s economic potential.

According to the IFC’s senior manager for Angola, Botswana, Mozambique and Zambia, Carlos Katsuya, the Angolan market has a space with “a lot of potential,” a fact that motivates the WB financial institution to continue financing other projects in the real economy.

Cited in a press release received Thursday by ANGOP, the manager said that the IFC had already funded projects worth US$100 million.

According to the document, the French Agency for Development in Angola also has a portfolio of projects estimated at US$600 million, in the areas of diversification of the economy, agri-business and the social sector.

In relation to the European Union-Angola Business Forum, which is being held in Brussels, Belgium, the governor of the National Bank of Angola (BNA), José de Lima Massano, spoke about the reforms to the financial sector, highlighting the facilities for transferring income to investors, without the interference of the Central Bank.

He said that the foreign exchange market was stable, as a result of the macroeconomic reforms underway in the country, and presented the regulatory framework of the financial system to prevent money laundering practices.

Source: Angola Press News Agency