Angola: Commercial Agriculture Development Project (WB-P159052)

Countries
  • Angola
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 29, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Angola
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 130.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 230.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 11, 2018

Disclosed by Bank Aug 3, 2016


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Project Description

The objective of the project is to promote commercial agriculture development, increasing production and employment within selected value chains, in targeted areas in Angola. The project will support commercial agriculture development through three interrelated components:

  1. Agribusiness development by means of mobilizing investment, including PPPs, providing financial and non-financial support to value chain actors and developing support infrastructure (rural roads, storage, irrigation, and energy);
  2. Support to create an enabling environment for commercial agriculture; anD
  3. Project management, coordination, and public-private dialogue.
Investment Description
  • World Bank (WB)
Contact Information

Borrower:
Name: Republic of Angola
Contact: Joao Francisco Quipipa
Title: State Secretary
Email: joao.quipipa@minfin.gv.ao


Implementing Agency:
Name: Ministry of Agriculture
Contact: Joaquim Duarte
Title: Director
Email: Joaquim.gomes@minagri.gv.ao 

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.