The IMF in October forecast Angola’s gross domestic product to grow 3.2% in 2021 after contracting for five straight years
WASHINGTON DC: The International Monetary Fund approved the disbursement of US$488mil to Angola and reiterated its confidence that Africa’s second-biggest oil producer will rein in public debt to sustainable levels.
The disbursement approved by the executive board comes four months after the Washington-based lender increased the size of the loan by almost a quarter to US$4.5bil to help Angola weather the fallout of the coronavirus pandemic.
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