Luanda - A monitoring and supervision mission from the World Bank (WB) is working in the country, from the 7th to the 18th of this month, evaluating the level of implementation of the four components of the Diversifica Mais Project, ANGOP learned on Sunday, in Luanda Province.
There are the components 1, dedicated to creating an enabling environment for trade, finance and investment, the second one deals with catalytic investments in productive infrastructures through Public-Private Partnerships (PPP), the third is related to the strengthening companies' capabilities and access to financing, and the fourth is relating to project management, monitoring and evaluation.
The delegation begins its activity on Monday, with a meeting with the secretary of State for Public Investment, Ivan dos Santos, to review the general status of the project and review the mission's agenda, in accordance with a note to which ANGOP had access.
During the time they will stay in Angola, the members of this multilateral financing institution will also maintain contact with entities from the Ministry of Industry and Commerce and they will also meet with officials from the Ministry of Justice and Human Rights, the Project Implementation Unit (UIP).
The delegation will also go to the field to verify the reality of potential beneficiaries in the public and private sectors, in the Lobito Corridor.
Also included in the delegation's program is a meeting with the Angola Cargo and Logistics Certification Regulatory Agency (ARCCLA), the Institute of Support for Micro, Small and Medium Enterprises (INAPEM), the General Tax Administration (AGT) and the Institute of Administration Modernization (IMA), with the Coordinated Border Management Commission, the Credit Guarantee Fund (FGC), the National Trade Facilitation Commission (CNFC), the Single Enterprise Window (GUE), the Geodesic Institute and Angola Registry (IGCA), among other entities.
With the Diversifica Mais (Diversify More) project, it is expected that in the end there will be a Master Plan for the Lobito Corridor, a 20% reduction in the release or customs clearance time of goods, through the use of automation tools for international trade.
It is also planned to award three production projects in the Lobito Corridor, in the form of Public-Private Partnerships.
The mentioned project will also diagnose the technological needs of 10,000 Micro Small and Medium Enterprises, 50% of which are led by women.
Of this number, 2,000 women will receive advice to strengthen their management and technology adoption skills, at a time when the Credit Guarantee Fund is being capitalized so that commercial banks can finance up to 250 Micro, Small and Medium-sized Enterprises.
The project arises in the context of financing of USD 300 million from the World Bank, aimed at implementing the Project to Accelerate Economic Diversification and Job Creation, to be implemented over a six-year horizon (2024-2029), with incidence along the Lobito Corridor.
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