Third Angola Growth and Inclusion Development Policy Financing

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The development objectives of the Third Angola Growth and Inclusion Development Policy Loan in Angola support the Government of Angola to achieve 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. Development Policy Loan is organized around two pillars, each addressing policy areas that contribute to these objectives. Pillar 1, strengthening the macro-financial and institutional environment include: strengthening transparency for fiscal and debt sustainability (1.1); leveling the playing field for private investment (1.2); and supporting a financially sustainable and greener energy sector (1.3). Areas 1.2 and 1.3 contribute to improving the availability and affordability of critical infrastructure services for the population and the non-oil private sector while promoting transparency and competition. Reforms in these policy support poverty reduction by creating the underlying conditions for faster and more inclusive growth outside of the natural resource sector. Pillar 2, building resilience of the poor and vulnerable to economic and climate shocks include: protecting the poor and vulnerable from economic and climate shock and increasing access to finance (2.1) and boosting the financial and physical resilience of the water sector (2.2). Reforms in these policy directly reduce poverty and vulnerability to climate and economic shocks. They are complementary, as the reforms to promote access to finance will also support the delivery of social protection payments through digital payments, hence improving transparency and outreach of the social protection program. The reforms to water pricing complement reforms to ensure sustainable management of water basins.

World Bank Group

Project

Water Supply and Storage, Oil and Gas, Commercial, Waste Processing and Treatment, Hydro, Government