Business Insider -
7 Apr 2016 15:27
Thomson Reuters Angola is turning to the International Monetary Fund for help as it grapples with lower oil prices. The OPEC member's Finance Ministry and the IMF announced on Wednesday that the two will begin negotiations on a three-year loan facility next week. "The request indicates that the Angolan authorities are gradually realising the scale of their country’s economic problems," Capital Economics' John Ashbourne wrote in a note to clients. The IMF hasn't yet said how much aid it wi...
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