Angola’s debt restructuring agreement with China will be signed “very soon”. The guarantee was given by a spokesman for the Ministry of Foreign Affairs of China.
“At this point, a debt restructuring agreement has basically been reached,” said the spokesman during the Chinese MNE’s daily press conference.
The same official confirmed that, on September 25, the President of China, Xi Jinping, and the Angolan President, João Lourenço, had a telephone conversation. He added that this was based on a friendly tone and that “they maintained extensive exchanges on the deepening of bilateral relations and reached a broad consensus”.
Wang Wenbin indicated that “Angola is an important cooperation partner for China in Africa“. Referring that “Angola is facing a lot of debt pressure, China has done everything it can to help Angola overcome the difficulties”.
“As far as I know, the relevant Chinese financial institutions have been in close communication with the Angolan side to ease the debt pressure, with great progress in the discussions,” he said.
“The agreement is expected to be signed very soon,” he added. Indicating that the Bank of Exports and Imports of China offered assistance for emergency financial aid through the International Monetary Fund (IMF), but without giving details.
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