Lourenço Says He Would Not Take a Another Resource-for-Infrastructure Deal With China

Angolan President João Lourenço looks on during the commemorate session at the Belem Cultural Center to celebrate the Carnation Revolution's 50th anniversary in Lisbon on April 25, 2024. FILIPE AMORIM / AFP

Over a twenty-year period beginning in 2002, Angola borrowed a staggering $45 billion from China, accounting for a third of all Chinese lending on the continent.

The Angolan government still owes Chinese creditors an estimated $17 billion and restructured a large part of that debt earlier this year in response to the slumping price of oil.

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by Eric Olander

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