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Annual meetings of the World Bank and the IMF: a loan of around 500 million dollars granted to Angola

28/10/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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The annual meetings of the World Bank (WB) and the International Monetary Fund (IMF) ended last Saturday 26, in Washington (USA). Angola gets a loan of around 500 million dollars.

Le gouverneur de l' Angola à la Banque mondiale indicated that the conditions of this loans are advantageous, with a low interest rate and a 30-year repayment term. According to the latter, “the loans that the country obtains from multilateral institutions, such as the World Bank style="font-family: "Bookman Old Style”, "serif"> (BM) and the International Monetary Fund (IMF) , are associated with very low interest rates, compared to loans granted to commercial banks, for example”. The Minister of Planning and head of the delegation to the event, Víctor Guilherme, indicated that the loan, whose values will be available within a month, is one of the gains of the country's presence at the event, which brought together, from 21 to 26 of this month, business leaders and international experts. According to the minister, Angola was asking for more financing for private sector projects, because local banks “still do not have sufficient funds to meet the demand for financial capital on the national market.”

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