IMF’s $3.7b lifeline for Angola

The board of the International Monetary Fund has approved a 3.7 billion dollars credit facility for Angola to support economic reforms.
It said that it would immediately disburse around 990 million dollars as part of the three-year facility.
The lending programme “will help Angola restore external and fiscal sustainability.
It will help the country lay the foundations for sustainable, private-sector-led economic diversification,” the IMF said in a statement.