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APO: Angola’s Story of Politically Exposed Persons and Debt Traps (by Fadi A. Haddadin)

APO: Angola’s Story of Politically Exposed Persons and Debt Traps (by Fadi A. Haddadin) In its financing attempts that brought the resource-rich country to become indefinitely indebted (https://bit.ly/2OfGvAF) for a long time, the Government of Angola sought a US$15 billion loan from China (https://reut.rs/2IpTl14) (one of many) last May. Just as this latest round of financing commenced, Standard and Poors downgraded Angola’s sovereign credit rating (https://reut.rs/2zcO3i5) to B- due to concerns about “the rising debt service costs and weak economic prospects.” The latest move is ...
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Added October 30, 2018
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