World Bank: $300 million to Support Climate Resilience in Angola
Luanda – The World Bank (WB) has just approved financing of 300 million dollars to help the Angolan government ensure greater climate resilience in certain regions of the country affected by drought.
“The financing will support the project called Climate Resilience and Water Security in Angola (RECLIMA), which will be co-financed by the French Development Agency (AFD), through a loan of 150 million US dollars”, underlined the WB in a statement, noting that the goal is to improve water supply and strengthen water resources management in the country.
Noting that climate change threatens water security and livelihoods in Angola, the Washington-based institution said RECLIMA will finance physical investments in urban and rural areas, as well as institutional development activities to increase water safety and help manage extreme weather effects.
The project will be implemented in the provinces of Zaire, Benguela, Huila, Cuanza Sul, Cuando Cubango, Cunene, Namibe and Luanda, benefiting around 1.2 million people, the same source said.
It also notes that the country’s high degree of exposure to extreme weather events further threatens its economic stability as well as the security and well-being of its population.