As Eurobond Investors Boo Zambia, They’re Now Cheering For Angola

While Zambia is getting pummeled by investors for signaling that it’ll have to delay some Eurobond repayments, Angola is enjoying the opposite following bold reassurances from Osvaldo Joao, the state secretary for finance. ““We will always pay,” he told Bloomberg on Monday.

Rather than reprofile its Eurobond debt, Angolan policymakers have instead opted to restructure its loan portfolio with the International Monetary Fund and China.

China and Chinese commercial lenders accounted for 45% of Angola’s external debt, or $22.4 billion at the end of last year, according to data from the central bank.

Read more on this story on the Bloomberg website.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Connect with leading professionals on the China- Africa Experts Network.

You've reached your free monthly article limit.

Subscribe today for unlimited access.

-17% Savings

The post As Eurobond Investors Boo Zambia, They’re Now Cheering For Angola appeared first on The China Africa Project.



source https://chinaafricaproject.com/2020/09/23/as-eurobond-investors-boo-zambia-theyre-now-cheering-for-angola/?utm_source=rss&utm_medium=rss&utm_campaign=as-eurobond-investors-boo-zambia-theyre-now-cheering-for-angola

Comments

Post a Comment

Popular posts from this blog

China Angry With Japan Over G7 Joint Statement, Labels Accusations as “Hype”

The Chinese government lodged a formal complaint to Japan over the wording of the G7 communiqué published over the weekend.  Foreign Ministry Spokesperson Wang Wenbin said on Saturday that China felt it had been “attacked”  and that a number of points raised in the G7’s joint statement amounted to an “interference in its internal affairs.” Get a daily email packed with the latest China-Africa news and analysis. Read exclusive insights on the key trends shaping China-Africa relations. Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South. China, Africa and the Global South... find out what’s happening. Subscribe today for unlimited access. Monthly $19/mo OR Yearly $199/yr (17% Savings) Already a subscriber? Log in Click Here to Learn More source https://chinaglobalsouth.com/2023/05/22/china-angry-with-japan-over-g7-joint-statement-labels-accusations-as-hype/
Read more

The Growing Influence of Chinese Policing in Africa

While joint military exercises between China and countries like South Africa draw controversy, much less attention is being paid to the role of policing in Africa-China relations. A fascinating new paper  by the Africa-China security expert Paul Nantuyla maps the growing influence of Chinese law enforcement in Africa. This includes the normalization of Chinese policing norms via institutional links and training. Get a daily email packed with the latest China-Africa news and analysis. Read exclusive insights on the key trends shaping China-Africa relations. Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South. China, Africa and the Global South... find out what’s happening. Subscribe today for unlimited access. Monthly $19/mo OR Yearly $199/yr (17% Savings) Already a subscriber? Log in Click Here to Learn More source https://chinaglobalsouth.com/2023/05/23/the-growing-influence-of-chine
Read more

Papua New Guinea, Micronesia to Sign Agreement With U.S. as Pacific Island Countries Increasingly Take Sides in Great Power Rivalry

Pacific Island Countries (PIC) are the current focal point in the escalating competition for influence between the United States and China around the world. Both Papua New Guinea (PNG) and Micronesia signed defense agreements with the United States on Monday  during a brief visit by Secretary of State Antony Blinken. Get a daily email packed with the latest China-Africa news and analysis. Read exclusive insights on the key trends shaping China-Africa relations. Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South. China, Africa and the Global South... find out what’s happening. Subscribe today for unlimited access. Monthly $19/mo OR Yearly $199/yr (17% Savings) Already a subscriber? Log in Click Here to Learn More source https://chinaglobalsouth.com/2023/05/22/papua-new-guinea-micronesia-to-sign-agreement-with-u-s-as-pacific-island-countries-increasingly-take-sides-in-great-power-rival
Read more