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IMF Approves $3.7 Billion Loan for Oil-rich Angola

The International Monetary Fund says it has approved a three-year loan of about $3.7 billion for Angola, which seeks to diversify its economy and curb corruption after a new president took office last year. The IMF said Friday that the loan aims to help the southern African country restructure state-owned enterprises and take other measures to improve economic governance. Angola had experienced a surge in growth because of oil exports under former president Jose Eduardo dos...

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