Funds flow into Angola as infrastructure plans take shape

New funds are flowing into Angola’s power sector as the country’s infrastructure planning reassures donors that the government is serious about development. Brazil has approved a lending package of up to $2bn for the Lauca dam being built by Odebrecht, and the African Development Bank (AfDB) board has approved a $1bn loan for the Angola Power Sector Reform Support Programme. The World Bank has also promised support.While aspects of Angola’s financial management continue to attract scrutiny from governance watchdogs, recent development, have won the trust of donors. The World Bank Country Partnership Strategy document for 2014-16, published in 2013, observes that, after emerging from a devastating 27-year civil war in 2002, Angola has achieved a period of remarkable reconstruction and recovery and fast economic growth. As a