Angola First Green, Resilient, Inclusive Growth and Diversification Development Policy Financing

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The development objective of the First Green, Resilient, Inclusive Growth, and Diversification Development Policy Loan for Angola is to support the Government of Angola to promote green, resilient, and inclusive growth by: (i) reducing economic distortions and strengthening fiscal and financial sector resilience; (ii) boosting equity by strengthening social inclusion; and (iii) Improving markets and infrastructures to build climate resilience. The development policy financing (DPF) is aligned with national development priorities and reflects the World Bank Group’s (WBG) engagement in Angola. The DPF builds on policy dialogue structured around analytical work, such as the 2019 Country Private Sector Diagnostic (CPSD), 2022 Public Finance Review (PFR), 2022 Country Climate and Development Report (CCDR), and other ongoing and planned WBG engagements. It builds also on the reforms supported by the previous DPF series. The following interdependent filters were applied to guide the choice of sectors and reforms included in the DPF series: (i) criticality and robustness of reforms; (ii) presence of strong analytical underpinnings to inform the choice of actions; (iii) robustness of implementation arrangements to support reforms including through complementary investment operations and technical assistance; (iv) Government of Angola (GoA) ownership to implement the reforms within the operation’s timeframe; and (v) coordination with other development partners.