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Support to the financial sector for partial credit guarantees

Financial promoters

Logo World Bank

Services

Strategy & Innovation

Sector

Public Administration and Education

Duration

In progress

Country

Angola
The overall objective of the mission was to provide technical support services to the participating financial institutions (IFP), the Credit Guarantee Fund and the Ministry of Agriculture and Fisheries (with the project implementation unit (UIP) and the GEPE - Office of Studies, Planning and Statistics) to support the implementation of the Partial Credit Guarantee subcomponent.

This project benefited farmers and SMEs who needed adequate financing for their projects, contributing to the growth and development of the Angolan economy. The implementation team accompanied stakeholders in several provinces.

Project summary:

    • Selection of IFPs that received technical assistance and training support from the Commercial Agriculture Development Project (PDAC, in portuguese), and formulation of the Technical Assistance and Training Plan;

    • Design, creation and implementation of Smart AgriFinance, a technological platform for the provision of technical assistance and training (designed specifically for this project), web-based and with no additional infrastructure, maintenance or licensing costs for the client. It is available through a web and mobile platform;

    • Definition of the training model in the project;

    • SWOT analysis and identification of leverage points;

    • Formulation of financing strategies;

    • Technical assistance and training to the UIP, monitoring and evaluation of the progress of activities;

    • Provision of technical contributions/information required by the Technical Investment Committee and the UIP;

    • Support for environmental and social impacts, including the development of credit products that consider incentives for green/sustainable credit products.