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external financing Angola

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Angola Seeks $165 Million AFDB Budget Support as Oil Revenues Buffer War Fallout

Angola is negotiating a $165 million budget support loan with the African Development Bank as part of a broader push to secure roughly $1 billion in external financing this year, Finance Minister Vera Daves de Sousa said Friday. Despite the global fallout from the Iran war, Angola’s oil sector continues to provide a crucial buffer. […]

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