IMF says board approves $772 million disbursement to Angola
THE International Monetary Fund's executive board has approved a disbursement to Angola of about $772 million after completing a fifth review of the African oil exporter's loan program. In a statement late on Wednesday, the Fund said even though the effects of the COVID-19 pandemic was still being felt in the Angolan economy, authorities have supported the recovery through sound policies. "The authorities are continuing to strengthen public finances and debt dynamics. They achieved a strong fiscal adjustment in 2020 and are on track to do the same in 2021," IMF Deputy Managing Director Antoinette Sayeh said in a statement.…