Angola’s economy to get boost with fresh $488m IMF loan

IMF Loan

Angola’s economy to get boost with fresh $488m IMF loan   The International Monetary Fund (IMF) approved the disbursement of $488 million 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 $4.5 billion to help Angola weather the fallout of the coronavirus pandemic. The three-year Extended Fund Facility, which began in 2018, aims to overhaul…

Read more