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Angola Country Financing Parameters Note

30-Oct-2000

This note describes application of the new policy for expenditure eligibility in World Bank financing to the Angola program, and proposes a corresponding set of country financing parameters. The new framework allows the Bank to finance expenditures needed to meet the development objectives of the operations it supports, within an overall framework that addresses risks to fiscal sustainability and the appropriate use of Bank resources, in a way that is consistent with the Articles of Agreement. The new policy increases the Bank’s flexibility to allow the use of Bank loan proceeds for a number of expenditures.

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