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
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

Topic |   China-Africa relations
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
The IMF says Angola has reached agreements with two of its large creditors, which have not been identified. Photo: AFP
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