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Growing Concerns China’s Relief Deal Only Postponed Angolan Debt Crisis

When Angolan finance minister Vera Daves de Sousa announced last week that China reached a debt restructuring deal that would give Luanda “three years of breathing space,” the markets largely responded favorably.

Things started to look up even more when that arrangement with the Chinese seemingly paved the way for the IMF to provide an additional $487 million in financing to the Angolan government.

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