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Angola to Open Loan Talks With IMF

Angola will begin loan negotiations with the International Monetary Fund on a three-year loan facility next week as lower oil prices hammer the finances of Africa's second-largest crude exporter, the Finance Ministry and the IMF said on Wednesday. Angola's economy has grown rapidly since a 27-year civil war ended in 2002, peaking at 12 percent three years ago, but a sharp drop in oil prices has sapped dollar inflows, dented the kwanza and prompted heavy government...

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