Angolan Government and the World Bank signed last week two financing agreements for statistics and climate resilience and water security.
Signed the deal Angolan minister of Finance Vera Daves and the regional director of the World Bank, Albert Zeufack.
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The agreement for funding the statistical projects is estimated at US$60 million and that for resilience, climate and water security is US$450 million.
Of this amount, US$300 million came from the World Bank and US$150 million by the French Development Agency.
Delivering her speech, the minister of Finance, Vera Daves, explained that the amount of the said agreement will be paid in 19 years, with a five-year grace period.
She also said that the project has three main components: institutional reform and statistical capacity, data production, project management, monitoring and evaluation.
According to her, the USD 450 million project will improve water supply services for water security in rural and urban areas, duly selected, and it is expected to benefit 955,000 people.
Vera Daves also said the project will mainly cover the people affected by recurring droughts in the target provinces, due to the impacts of climate change.
In his turn, the World Bank (WB) regional director, Albert Zeufack, said the institution was pleased to work with the Angolan government on a number of actions for the supply of water and improved sanitation in the communities.
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World Bank regional directors put the amount of the project on resilience at USD 300 million, adding that the value will contribute to access to water and sanitation in Angola’s urban areas.
With the RECLIMA project, he said, the WB is allocating over US$1 billion to the water sector, not including the leverage of the commercial sector.
The Minister for Energy and Water João Baptista Borges stressed the importance of the project, stating that it comes to complement the government’s efforts to increase the availability of water and sanitation in the beneficiary regions.
