News & Analysis: Angola

All This Talk About Vaccines Gives a Desperately-Needed Boost to Two of Africa’s Largest Oil Producing Countries

“The prices for Nigerian Bonny Light and Angolan Cabinda crudes have regained some lost ground in November thanks to the Pfizer vaccine news and the U.S. elections. Given that both countries face enormous debt servicing challenges, these higher oil prices will help to replenish government coffers.”

via China-Africa

The Africa We Want: Protecting Health and Livelihood

“Deepening economic integration to boost intra-African trade requires an equal investment in public health structures.”

via Think Global Health

African debt to China: ‘A major drain on the poorest countries’

“China’s share of bilateral debt owed by the world’s poorest countries to members of the G20 has risen from 45 percent in 2015 to 63 percent last year, according to the World Bank. For many countries in sub-Saharan Africa, China’s share of bilateral debt is larger still.”

via Financial Times

The truth about Africa’s ‘debt problem’ with China

“As more African countries have looked to China for financing and technical support to rapidly boost infrastructural development, there have been loud musings about the scale of China’s lending to African countries as well as the Asian giant’s motives.”

via Quartz Africa

Impact of COVID-19: Health and community

“COVID-19 has upended healthcare systems and derailed non-COVID-19 related treatments. Facing this, traditional and religious leaders, as well as community health workers, are playing a pivotal role.”

via International Growth Centre

Africa slowly returns to business as usual

“Governments across the continent are beginning to shift responsibility for public health on to companies and individuals as they seek to restart their economies after months of disruption.”

via Control Risks Group

Angola: Confronting the COVID-19 Pandemic and the Oil Price Shock

“The government of Angola recently approved a prudent supplementary budget for 2020 using a conservative oil reference price. It has also introduced a comprehensive set of fiscal and monetary measures to support economic activities.”

via IMF

IMF Executive Board Completes the Third Review of Angola’s Extended Arrangement Under the Extended Fund Facility and Augments Disbursement to Address the Impact of COVID-19

“The Executive Board of the IMF today completed the third review of Angola’s economic program supported by an extended arrangement under the Extended Fund Facility. Completion of this review unlocks access to SDR 731.7 million (about US$1 billion), bringing total disbursements under the extended arrangement to SDR 1,804.7 million.”

via IMF

Africa’s catastrophic COVID-19 response

“As COVID-19 began to sweep across the planet earlier this year, countries on the African continent rushed to follow the lead of rich nations that were visibly struggling to cope with pandemic. Many closed borders, shut businesses and locked down citizens. Such actions won praise from global health bodies. Yet were blunt lockdowns really the right approach in Africa?”

via Unherd

Bondholders need to forgive some African sovereign debt

“A high risk of default has been priced into African bonds. The warning signs have been clear for everyone to see. The pandemic brought the day of reckoning forward.”

via Financial Times