Reply to "After four decades of oil production, Angola remains poor"

MitwahSenior Member

Given its vast resources, the advisors highlighted that Angola rank 15th in the world of top oil producers while adding that President Joao Lourenco is trying to increase production with a new round of offers to the international oil community.
Despite its resources however, the two advisors said that “four decades of oil production have created neither prosperity nor fiscal stability for Angola.” At the end of 2020, they pointed out that the national debt stood at approximately US$76 billion.

2/25/2110:35 AM

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