Angola: righting commercial arrears

January 31 marks the deadline for private companies to submit claims of arrears owed to them by the Angolan government. The development underscores Angolan government efforts to de-politicize its commercial relations and restore domestic and foreign investor confidence. The concern of arrears of commercial debts owed by the Angolan government is directly connected to the contraction of the Angolan economy. The decline of the Angolan economy was a result of falling crude oil production over the span of several years, from a high of roughly two million barrels per day in 2000 to approximately 1.4 million barrels per day in …

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