Post by MIGA

A debt-for-development swap is expanding access to education in Angola, helping prepare the country's youth for the jobs of the future.   Backed by the World Bank Group Guarantee Platform’s innovative dual guarantee structure, Angola is securing financing at more favorable terms to prepay higher-cost commercial debt — freeing up significant budget resources.   What this means on the ground: 🏫 Savings will help build 30 secondary schools, benefiting 32,000+ students. 📈 Strengthens Angola's debt sustainability, turning costly debt into opportunity. 🖇️First debt-for-development swap to use the WBG dual guarantee structure.   🔗 https://lnkd.in/eNV9xPib   🔗 Learn more about this groundbreaking project: https://lnkd.in/eNm4HBFa 🔗Learn more about the WBG dual guarantee structure: https://lnkd.in/eGXXWZEr