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Home > Angola: Murky saga takes the shine off one of Africa's unpolished jewels

Contributor [1]
Thursday, December 11, 2003 - 02:00
Categories: 
Corruption [2]
Issue Number: 
136 [3]
Article-Summary: 

An International Monetary Fund technical team is in Luanda this week seeking to mend years of problematic relations with Angola. But as fresh signs of rapprochement emerge, a new chapter has opened in a murky saga involving debt deals with Russia, long a stumbling block in the country's relations with the IMF. A rapidly expanding offshore oil industry and abundant other resources make Angola one of Africa's brightest prospects. But the economy has been undermined by decades of civil war an...read more [4]

An International Monetary Fund technical team is in Luanda this week seeking to mend years of problematic relations with Angola. But as fresh signs of rapprochement emerge, a new chapter has opened in a murky saga involving debt deals with Russia, long a stumbling block in the country's relations with the IMF. A rapidly expanding offshore oil industry and abundant other resources make Angola one of Africa's brightest prospects. But the economy has been undermined by decades of civil war and corruption.

Category: 
Governance [5]
Oldurl: 
http://www.pambazuka.org/en/category.php/corruption/18966 [6]
Country: 
Angola [7]

Source URL: https://www.pambazuka.org/node/19891

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[6] http://www.pambazuka.org/en/category.php/corruption/18966
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