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Sat, 09 Nov 2019 14:25 - Updated Sat, 09 Nov 2019 14:25

IFC opens office in Angola

Luanda - The International Finance Corporation (IFC), which is a World Bank branch, last Friday opened its offices in Luanda, in the ambit of the country’s need to finance the private sector, among other aims.

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IFC vice president for Middle East and Africa, Sérgio Pimenta.

Photo: António Escrivão

International Finance Corporation (IFC) opens office in Luanda.

Photo: António Escrivão

With an investment portfolio of about USD 111 million to support small and medium enterprises, the IFC intends to eventually increase its financing, as revealed by its vice president for Middle East and Africa, Sérgio Pimenta.
 

Speaking at the inauguration of the office – which was unveiled by the Angolan Finance minister, Vera Daves – the IFC official explained that with this permanent office in Angola the institution will work more closely with the Angolan public and private financial sectors.

    

In the ambit of existing diagnosis, the IFC sets as priority the financing of sectors such as agribusiness, logistics, tourism and access to bank credit.

He confirmed, however, that the institution wants to expand its financing portfolio, reason why it’ll be working both with the government and the private sector for other financial products and also in terms of advisory services.

The International Finance Corporation (IFC) offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. Now It has 23 offices in Africa.

Tags Financing  

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