The Industrial and Commercial Bank of China is one of Angola’s largest creditors. Photo: Reuters The Industrial and Commercial Bank of China is one of Angola’s largest creditors. Photo: Reuters
The Industrial and Commercial Bank of China is one of Angola’s largest creditors. Photo: Reuters

Lack of detail in Angola’s debt deals with China could hide future risk

  • Three-year relief package with Exim Bank unlocks more IMF funding but agreements with two other Chinese banks may be less favourable
  • Short-term fiscal pressure reduced but total costs of servicing loans could be increased

Topic |   China-Africa relations
The Industrial and Commercial Bank of China is one of Angola’s largest creditors. Photo: Reuters The Industrial and Commercial Bank of China is one of Angola’s largest creditors. Photo: Reuters
The Industrial and Commercial Bank of China is one of Angola’s largest creditors. Photo: Reuters
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