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Angola - World Bank Sign $125 Million Grant Agreement

As initially reported in last week’s newsletter, the Government of Angola and the World Bank signed a $125 million grant agreement this past week that focuses on combating infectious diseases and strengthening social service delivery and emergency preparedness. The agreement was signed by Angola’s planning minister Ana Dias Lourenco and the World Bank’s director for Angola and Mozambique Michael Baxter. Approximately $21 million of the grant will be earmarked for HIV/AIDS, malaria and tuberculosis prevention programs, while the balance of the funds will be used to support the Angolan government’s Social Assistance Fund (FAS) (approximately $45 million) and the first phase of a multi-sectoral emergency and rehabilitation project (approximately $57.7 million).

For more information, visit our web site
www.investinangola.com (ANIP NEWS)

Press-center of Angola Embassy in Russia
27.05.2005

 





Embassy of Republic of Angola, 2005