- Angola’s economy grew by 3.8% in 2015, and GDP growth will remain subdued, at 3.3% in 2016 and 3.5% in 2017, due to lower crude oil prices.
- Policies to accelerate economic diversification and strengthen human development and equitable growth are needed to reduce vulnerability to external shocks.
- Investment in economic and social infrastructure is needed to enhance the sustainability of the country’s urbanisation process.
Since resuming operations in the country in 2001, at the end of civil war, the Bank Group has regularly provided diversified support to Angola’s development efforts characterized by the following sector distribution: agriculture, rural development and environment (49%); social, including health and education (27%); water and sanitation (16%); and multi-sector (8%). To date, the AfDB Group has provided eight loans valued at a total of US $122.4 billion.
Angola field office
Banco Africano de Desenvolvimento
Rua Rei Katyavala Building Rei Katyavala Ingombota
Tel : +244 937240847/ +244 930049256/+244 935565656
Mr. Septime Martin, Resident Representative