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Once Angola Renegotiates its Debts, There May Not be Much Money Left Over For Anything Else

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.

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