Luanda — This Thursday, in Abidjan, Côte d’Ivoire, African Heads of State and Government approved the Abidjan Declaration, calling on donours and international partners to mobilize resources of USD 100 billion for replenishment of the International Development Association – IDA 20.

With the Abidjan Declaration, African countries establish a common Agenda for prioritizing World Bank Group interventions on the continent, based on three main areas.

These are human capital development, job creation through private sector development policies and economic recovery.

The minister of Finance, Vera Daves, who spoke at the Summit of Heads of State and Government, representing the President of the Republic, João Manuel Gonçalves Lourenço, emphasized the set of economic and social challenges faced by African countries before the pandemic of Covid-19, including economic downturns.

For the government official, the set of difficulties was expanded due to the effects of the pandemic and “with the lack of access to vaccines, the scenario only gets worse.”

Vera Daves added that the current scenario requires coordinated, ambitious and committed action by IDA partners and donours, multilateral institutions and African countries that will help support and benefit from this replenishment, underlining that Angola joins its voice in this African initiative.

In the document, according to a note from the Ministry of Finance that ANGOP had access, the statesmen declare their strong commitment to improving the capacity of countries to absorb IDA resources through a more diligent execution of programmes and projects.