The IMF says Angola has reached agreements with two of its large creditors, which have not been identified. Photo: AFP
The IMF says Angola has reached agreements with two of its large creditors, which have not been identified. Photo: AFP

China is behind billion dollar debt restructure for Angola, analysts say

  • Reprofiling of debts also unlocks US$765 million from IMF for Angolan economy hit by oil price fall and Covid-19
  • The two ‘large creditors’ have not been named but they are likely to be Chinese banks

The IMF says Angola has reached agreements with two of its large creditors, which have not been identified. Photo: AFP
The IMF says Angola has reached agreements with two of its large creditors, which have not been identified. Photo: AFP
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