Source: Folha 8 | Oct 18, 2018

Oil-Dependent? No. Only dependent on… Crude!

The Angolan government has committed itself to delivering the equivalent of 20,000 barrels of crude to Brazil every day, as part of the negotiations for a new Brazilian finance line and export credit insurance worth two billion dollars

A protocol of understanding was signed between the two governments and published through a presidential decree in Angola this month, establishing the “criteria for concession” to Angola of Export Credit Insurance (ECI), within the scope of the Export Guarantee Fund (EGF), and backed up by “interest rate equalization using resources…