CHINESE LENDING PRACTICES IN ANGOLA: PREDATORY OR PRACTICAL?

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CHINESE LENDING PRACTICES IN ANGOLA: PREDATORY OR PRACTICAL?

BY WILL BURCHELL, JAIYI MA, DYLAN PARKES AND HENRIQUE VICENTE

ANGOLA HAS RECEIVED 42 BILLION USD IN LOANS FROM CHINA SINCE 2005. WHILE THE TERMS OF INTERNATIONAL FINANCIAL AGREEMENTS ARE CUSTOMARILY UNDISCLOSED IN NATURE, THE HEIGHTENED LEVEL OF SECRECY SURROUNDING CHINESE-ANGOLAN AGREEMENTS HAS RAISED INTERNATIONAL DOUBT THAT THIS DEBT IS SERVICEABLE AND SUSTAINABLE. FOUR IDEV STUDENTS TRAVELED TO ANGOLA FOR A CLOSER LOOK.

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