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IMF/ANGOLABack
[Published: Saturday August 08 2009]

IMF and Angola to negotiate loan

Luanda, 08 Aug-(ANA)-The International Monetary Fund (IMF) and Angola have agreed to begin talks on a loan to help the African country cope with the global economic slowdown.

The IMF said it had been assessing the economy and talking to officials, and negotiations would start next month.

Angola, one of Africa's largest oil producers, has been hit by the fall in the price of oil since last year.

Angola's relations with the IMF have been strained since its lengthy civil war ended in 2002.

Loan talks between the two were broken off in 2007. (ANA)

FA/ANA/08 August 2009---


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