Africa’s second-largest oil exporter Angola has received approval from the International Monetary Fund for a disbursement of over $480 million under a $3.7-billion loan agreement as it continues to struggle with low oil prices and weak exports. Reuters quoted the international lender as praising for its “robust” response to the twin challenge of low oil prices and the coronavirus pandemic, noting that the Angolan authorities “remain resolutely committed to the program.” The West African country last year unveiled a…
