Angola provides additional credit of US$500 million for Brazilian exports

30 July 2009

Luanda, Angola, 30 July – The Angolan government is to provide Brazil with an additional US$500 million credit for Brazilian exports of goods and services to Angola, the Angolan Council of Ministers announced Wednesday.

Angolan exports to Brazil, almost exclusively in petroleum, suffered a fall of 93.7 percent in the first half of this year, in relation to the same period in 2008.

Sales to the Brazilian market fell from US$1.2 billion (873 million euros) in the first six months of last year to US$76.3 million (55 million euros) in the first six months of this year. (macauhub)

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