A debt-for-development swap for Angola expands access to education

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 World Bank and MIGA guarantees, Angola is securing financing at more favorable terms to prepay higher-cost commercial debt - freeing up significant budget resources. Most of those savings will go directly toward building 30 more secondary schools, with over 32,000 students set to benefit. The operation also strengthens Angola's debt sustainability, turning costly debt into opportunity.