Wednesday, July 13, 2016

Angola. 07-13-2016. Bankruptcy lurking?

The Angolan Government refused an EFF program from the IMF. But they have no money to feed the Army, and asked a loan to the BAI to buy aliments for Armed and Security Forces. The personnel at embassies have 5 months of delayed salaries. Meanwhile the projected deficit for 2016 was raised to 6%.Things are going through a rough path.

RAADSV- Angolan Consultant

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