The financing portfolio for the Angolan private sector, coming from the International Financial Corporation (IFC), an institution functioning under the umbrella of the World Bank, is of about USD 34 million
In Angola since 1997, the IFC reiterates its commitment to support the Angolan government’s efforts towards the diversification of the economy and creation of opportunities for the sustainable growth of the private sector, with emphasis on the industry, and the development of the capital market.
The IFC vice-chairman, Jingdong Hua, who ended last Friday a two-day work visit to Angola, has reiterated his institution’s willingness to provide financial support to the Angolan private sector, in the ambit of the new challenges.
During his stay, Jingdong Hua held meetings with government officials, Angolan Central Bank (BNA) technicians, representatives of the Capital Market Commission (CMC) and Angolan Securities Exchange, as well as with development partners.
Jingdong Hua also had meetings with representatives of micro-finances institutions, with whom he discussed the issue of how digital finances can be decisive tools for the inclusive development of Angola and Africa in general.
The IFC has a great experience in setting up capital markets in over 100 emerging economies, as well as has innovative products that can be used for the financing of the private sector, through sustainable investments.
The IFC intends to invest in Angola in the areas of agribusiness and energy, with highlight on renewable energies, aimed at supporting the efforts of the Angolan government towards the diversification of the economic.