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6 Sep 21
Angola is at risk of defaulting on its debts after International Monetary Fund support tails off, ratings agency Fitch warned as it affirmed the government’s junk status.
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22 Sep 20
Covid-19 and lower yield from oil exports threatened to derail Angola’s efforts at economic recovery, but the IMF has lauded the government’s efforts to keep reforms on track.
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18 Mar 20
Chad is paying back a $100m loan from Angola with thousands of cattle, the Angolan state-run newspaper has reported.
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19 Dec 19
Angola has recovered more than $5bn in stolen assets in 2019 as a result of its efforts to stamp out corruption.
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12 Dec 18
The International Monetary Fund has approved $3.7bn to support Angola’s economic reforms and improvements to public financial management.
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21 Mar 18
Developing country debt payments have increased by 60% in three years, marking the highest level since 2004, figures have revealed.
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26 Oct 15
Angola has launched of $1.5bn worth of sovereign debt bonds in a bid to broaden the range of external finance it can draw on.
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26 Aug 15
Angola’s economy survived the recent slump in oil prices thanks to a healthy level of international reserves, but greater economic diversification is needed to protect against future shocks, the...
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20 May 15
Growth in sub-Sahara Africa is expected to slow to 4.5% this year, due to the sharp decline in oil prices, the International Monetary Fund said, down on the 5% forecast a year ago.