News Snapshot:
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 Reprofiling of debts also unlocks US$765 million from IMF for Angolan economy hit by oil price fall and Covid-19. China is believed to be the mystery lender behind a reprofiling of Angola’s loans, helping the Southern African country unlock US$1 billion and a further US$765 million from the International Monetary Fund (IMF). However, negotiations to restructure a major loan advanced by the China Development Bank...
