Second Angola Growth and Inclusion Development Policy Financing Operation

closed

The development objective of the Second Growth and Inclusion Development Policy Financing Project in Angola is to support a more sustainable and inclusive growth, through: (i) a macro-financial and institutional environment that is conducive to private sector led growth; and (ii) financial and social inclusion. The development financing project is organized around two pillars, each addressing policy areas that contribute to these objectives. Pillar 1: strengthening the macro-financial and institutional environment, includes: strengthening debt and natural resource management for fiscal sustainability; strengthening financial sector resilience; strengthening management and commercial viability of state-owned enterprises; supporting pricing and subsidy reform for financial sustainability and effective service provision; and leveling the playing field for private investment. Reforms in these policy areas are expected to support poverty reduction in the medium-term by creating the underlying conditions for faster and more inclusive growth. Pillar 2: protecting the poor and vulnerable, includes: protecting the poor and vulnerable from shocks; and Increasing access to finance. Reforms in these policy areas aim to directly reduce poverty.