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China, Great Britain top list of Angola’s creditors

China and Great Britain are Angola’s main creditors, holding around 68.9 percent of the country’s total public debt, according to the balance of payments report and the position of international investment released by the National Bank of Angola (BNA).The BNA reports brings data recorded in the fourth quarter of 2020, whose the total debt value of Angola stood at US$68.2B, against US$68.3B of the third quarter.The figure represents a slight reduction of around US$34.4M.As for the stock of public external debt by country, in the charts, China appears in first place with 43.9 per cent against the 43.6 per cent registered in the third quarter of 2020, while Great Britain continues with 25 per cent percent, with a slight decrease compared to the previous period, which was 25.6 percent.The report also quotes the International organisations with (11.4%), Israel (4.4%), Ireland (2.5%), Portugal (1.8%), Spain (1.7%), United States ( 1.5%), Japan (1.5%), France (1.2%) and other countries (5.3%).In turn, the public external debt (Government and public corporate sector) experienced a reduction after reaching US$50.1B in the said quarter, against US$50.4B in the third quarter of 2020.

Source: Further Africa

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