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The IMF’s New $1 Billion Loan Package for Angola Shows Just How Little We Know About What’s Going on Behind the Scenes

Tweet by Joseph Cotterill, Southern Africa correspondent for the Financial Times.

The International Monetary Fund’s Executive Board said on Wednesday that it will immediate disburse $1 billion to Angola to help ease the country’s worsening financial crisis. What’s surprising about the announcement is that until now, the IMF had indicated that it wanted to wait until Angola has re-structured its vast debt portfolio with China before committing additional funds.

Well, that may have happened.

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