ORSB – ANGOLA COUNTRY STRATEGY PAPER 2011 - 2015
initiative on market oriented activities.
And lastly, develop and finance indirect
financial mechanisms (sovereign and
non-sovereign) involving local financial
institutions to financially and technically
strengthen their lending capacity to the
M-SME. (Pillar I)
o Support the GoA in planning
and managing the Public Investment
Program
(PIP),
to
optimize
development outcomes resulting from
the considerable amount of resources
the GoA is investing in the economy
through its PIP. The Bank will provide
technical assistance and training for
capacity strengthening in project cycle
and resource management, including
project scheduling, cost estimation,
feasibility
analysis
and
financial
planning. (Pillar I & II)
o Assist the government in
strengthening its capacity to develop,
launch and manage public-privatepartnership (PPP) projects, which will
alleviate
budgetary
and
fiscal
constraints, and potentially bring knowhow to domestic operators. (Pillar I & II)
o Finance
Infrastructure
Development that directly affects the
competitiveness
of
the
country’s
domestic value chains, its linkages to
regional integration and the provision of
public services. Priority is given to the
Transport and Power sectors where the
country has critical needs that strongly
constrain PSD. Particular attention will
be devoted to articulation with other
Bank projects within the same
geographic areas to increase synergies.
The Bank will also be a leading partner
actively seeking commercial financing
solutions to alleviate budgetary and
fiscal constraints. (Pillar II)
o Support
Infrastructure
Maintenance that risks unproductive
utilization
and
rapid
physical
deterioration due to the lack of
indigenous capacity and skills for proper
maintenance. This entails technical
assistance for developing projects,
structure new systems, and promote
whenever possible, private sector
participation
in
infrastructure
management and maintenance. (Pillar
II)
3.1.7 While the proposed strategy is
selective, it is also flexible to allow
for adjustments in line with the
evolving
market
changes
and
Government priorities. The strategy
marks
the
beginning
of
nonconcessional financing to operations in
Angola. Its design accommodates the
overall objective of fostering PSD,
through a flexible use of singular or
combined instruments. The CSP
program will be financed through:
o ADB resources with a greater use of
the private sector window including
public private financing mix;
o The ADF-12 envelope during the
transition period; and
o MIC grants and other Trust Funds for
non lending activities.
3.2
Deliverables and Targets
Strategy Targets
3.2.1 The strategy should achieve a
comprehensive and interconnected
set of results, intended as catalyst to
PSD in Angola that can promote the
creation of employment and the
broadening of the fiscal basis.
Ultimately this will support a
sustainable development and poverty
reduction. The Bank’s assistance to the
reformulation of the GoA’s PSD policy
and the adjacent institutional reform will
set the ground for a renewed framework
of incentives to entrepreneurs and
support the creation of SMEs which will
generate job creation. The Bank will
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