Second Angola Growth and Inclusion Development Policy Financing Operation (WB-P168336)

  • 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
Bank Risk Rating
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
Jun 9, 2020
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.
Government of Angola
The holder of the loan, grant, or other investment.
  • Industry and Trade
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 500.00 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)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jan 10, 2020

Disclosed by Bank Jan 2, 2020

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Project Description

According to bank documents, the proposed operation supports the Government of Angola (GoA) to maintain macroeconomic stability and to lay the
foundations for private sector-led economic diversification to create a more inclusive growth model. 

This operation is the second Development Policy Financing (DPF) in a series of three. The operation is organized around two pillars, each including several policy areas. DPF2 maintains the same pillars and policy areas as DPF1:

  • Pillar 1: Strengthening the macro-financial and institutional environment. Policy areas are: strengthening debt and natural resource management for fiscal sustainability (1.1); strengthening financial sector resilience (1.2); strengthening management and commercial viability of SOEs (1.3); supporting pricing and subsidy reform for financial sustainability and effective service provision (1.4); and leveling the playing field for private investment (1.5).
  • Pillar 2: Protecting the poor and vulnerable. Policy areas are: protecting the poor and vulnerable from shocks (2.1); and increasing access to finance (2.2).
Investment Description
  • World Bank (WB)
Contact Information

World Bank:
Rafael Chelles Barroso, Mazen Bouri
Senior Economist

Ministry of Finance
Osvaldo João
Secretário de Estado

Implementing Agency:
Ministry of Finance
Osvaldo João
Secretário de Estado 


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