Angola to Receive $1 Bn World Bank Loan

Angola to Receive $1 Bn World Bank Loan
Angola to Receive $1 Bn World Bank Loan

Angola is expected to receive a $1 billion loan from the World Bank to finance social security, water projects, the president’s office said Wednesday. Africa’s second largest oil producer has been pushed into an economic crisis due to the fall in oil prices since mid 2014. Angola’s treasury is now expected to receive 1.5 billion US dollars from the World Bank over the next three years.


Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.


Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.

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