Angola says oil-backed China loans to drop to $7.5-8 billion by year-end
"All debt collateralised by oil revenues is concentrated in agreements with China, which have been gradually reduced in recent years," Dorivaldo Teixeira, Director of Debt Management Unit in the finance ministry, told Reuters late on Wednesday.
Oil-backed loans to China stood at $10.146 billion at the end of last year, official data showed, and had already dropped to $8.943 billion at the end of last month.
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