December 8, 2018 / 7:19 PM / 8 days ago

IMF approves $3.7 bln credit facility to support Angolan economy

JOHANNESBURG, Dec 8 (Reuters) - The International Monetary Fund said its board had approved a $3.7 billion credit facility for Angola to support economic reforms and said it would immediately disburse around $990 million as part of the three-year facility.

The lending programme “will help Angola restore external and fiscal sustainability and lay the foundations for sustainable, private-sector-led economic diversification,” the IMF said in a statement.

Reporting by Alexander Winning Editing by Edmund Blair

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