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2008-2009 - Angola - Country Strategy Paper Update

24-Jul-2008

The Bank’s strategy for the period 2005-2007 agreed upon with the Angolan authorities and the country’s development partners came to an end on 31 December 2007. In the absence of a new Government’s medium term strategy which is in the process of being finalized (2009-2013) and due to legislative and presidential elections scheduled for September 2008 and May 2009 respectively, it is not appropriate at this time for a full CSP preparation. Based on these constraints and in order to ensure continuity in the Bank Group operations, Angola Country Team recommended that the current CSP be updated until conditions are met for the preparation of a full CSP in 2009 covering a five year period (2010-2014). This report provides an assessment of the current CSP, focusing on the 2005 Board of Directors recommendations. The latest dealt with urging Management to make provision for institutional building in future Bank Group-financed in Angola and ensuring consolidation of on-going operations. It also sets out proposed activities for Bank support during the period 2008-2009 and as well as broad projects ideas to be focused on during the preparation of the next full CSP in 2009.

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