AfDB Puts $1B Toward Angola Energy Sector Reforms

Law360, New York (May 13, 2014, 5:54 PM EDT) -- The African Development Bank said Tuesday that it has agreed to commit $1 billion in support of the Angolan government's plan to reform, restructure and improve the country's power sector.

According to a Tuesday news release, the African Development Bank made the decision to lend a helping hand after seeing that the Angolan government was already making serious strides towards its goal.

The country's government has laid out a detailed plan, called the Angola Power Sector Reform Support Program, to reform the country's power sector and...
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