IMF APPROVES $3.7 BILLION LOAN FOR OIL-RICH ANGOLA

JOHANNESBURG (AP) — 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...

nzherald.co.nz (Date:12/08/2018 13:26) Read full article >>

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Angola:
International: International mostly means something involving more than a single country. The term international as a word means involvement of, interaction between or encompassing more than one nation, or generally beyond national boundaries. For example, international law, which is applied by more than one coun
Monetary: Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country. The main functions of money are distinguished as: a medium of exchange a unit of account a store of value and, occasionally in the past, a s
International Monetary Fund PhotoInternational Monetary Fund: The International Monetary Fund is an international organization that was created on July 22, 1944 at the Bretton Woods Conference and came into existence on December 27, 1945 when 29 countries signed the Articles of Agreement. It originally had 45 members. The IMF's stated goal was to stabilize ex