ANGOLA: POLITICALLY AND ECONOMICALLY ISOLATED GOVERNMENT CALLS FOR URGENT HELP

   Mon, 24 February 2020

Angola’s beleaguered government has been hoping for greater US support for targeted sanctions to support its anti-corruption campaign and fresh US oil investments as an alternative to unsustainable Chinese project finance. Disappointed on both fronts, Angola will now be forced to accept painful IMF-endorsed austerity or sell off its most valuable oil assets to avoid debt servicing distress.