Angola to Get $450M AfDB Loan, Official says

Angola may get up to $450 million in loan from the African Development Bank and $32 million from the African Development Fund over the next five years, according to the country’s planning minister.

Ana Dias Lourenço, who is also an AfDB governor, made the announcement following the visit to the country of some AfDB managers, Angola Press reports.

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About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.