Nathan Hayes, an Africa analyst at the Economist Intelligence Unit in London, highlights Angola’s dilemma in the ongoing talks to restructure its debts. With the price of oil so low due to the global economic slowdown brought on by the COVID-19 outbreak, pretty much the only choice Angola has is to commit more of its future oil revenues to debt settlement which will leave less for infrastructure, public health, and social service programs.
- Get a daily email packed with the latest China-Africa news and analysis.
- Read exclusive insights on the key trends shaping China-Africa relations.
- Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.