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

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

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

Angola, Africa’s largest destination by far for Chinese loans, has reportedly secured a better debt relief deal with Exim Bank of China, but could be on the hook down the track over less favourable agreements with two other Chinese banks.Angolan finance minister Vera Daves de Sousa revealed the three-year debt relief package last week at a Reuters Next event. “We’ve got three years of breathing space and we will take best advantage of that,” she said.The deal also helped to unlock US$487.5…

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By | 2021-01-18T04:58:37+00:00 January 18th, 2021|Headlines|Comments Off on Lack of detail in Angola’s debt deals with China could hide future risk