30.09.2014 - Angola in the fast lane
Oil wealth has propelled Angola's fast-growing economy, but it could be heading for a crash without Government and banking sector reforms. Though risk exposure associated with the oil sector and sovereign debt remains, Moody's noted that the country is supported by the Government's strong debt-to-GDP ratio (23 per cent) and the gradual growth in foreign exchange reserves. The recent creation of the sovereign wealth fund, Fundo Soberano de Angola, should also serve as a buffer against potential economic shock...............................................Full Article: Source
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