Jump to navigation

Vol 3 (AAC) No 10

Published 1st August 2010


Angola

Luanda's oil lifeline

Economic relations between Luanda and Beijing are getting even closer as Angola struggles with mounting debts while China becomes more dependent on Angolan oil. In mid-August, Finance Minister Carlos Alberto Lopes submitted a revised 2010 budget to Parliament with smaller spending targets, reduced growth predictions (from 9.7% to 6.7%) and warnings about debt rising by US$3.2 billion to $31.5 bn.

End of preview - This article contains approximately 696 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.