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Debt-laden Angola gets relief from creditor nations of the Paris Club under G20 plan

Members of the Paris Club, mainly the richest Western nations, have provided debt relief to Angola to help the southern African nation weather the coronavirus storm.A statement released by the Paris Club on Tuesday said the member creditor countries have “accepted to provide to Angola a time-bound suspension of debt service due from 1st May to 31st December 2020”.“Angola is committed to devote the resources freed by this initiative to increase spending in order to mitigate the health, economic…

Read the original article at South China Morning Post

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