Skip to content
Subscriber Only
Markets
Economics

Angola Renegotiating Debt With Main Lenders After Oil Rout

  • Discussions were interrupted three months ago due to pandemic
  • Negotiations include sovereign and commercial debt payments
Pedestrians walk past Angola police enforcing a lockdown in Luanda, Angola, in April.
Pedestrians walk past Angola police enforcing a lockdown in Luanda, Angola, in April.

Photographer: Osvaldo Silva/AFP via Getty Images

Updated on

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter

Angola is in talks with key lenders to reschedule debt payments after a prolonged recession triggered by a drop in crude prices raised concerns about the sustainability of the African nation’s finances.