The African Development Bank is set to launch a new strategy for Angola in January 2010.
Devex Early Intelligence learned from a bank economist based in Angola that the strategy paper will be published early next year. It will include the priority initiatives outlined in recent dialogues focusing on infrastructure management, professional skills education, water and sanitation, and agricultural and natural resource management. An indicative US$73 million has been earmarked for the proposed operations.
Last July, AfDB President Kaberuka embarked on his first official mission to Angola and met with the country's president and high-level officials. His visit also sealed the bank's plan to establish an office in Angola. Setting-up the new office exemplifies AfDB's efforts to strengthen its cooperation and maintain dialogues with Angola. Joseph Ribeiro has been appointed as the country manager.
The office is expected to be operational by December 2009.
