@wave3andabit@@chuk Angola Falling per capita output, worsening...

@wave3andabit@@chuk

Angola

Falling per capita output, worsening job prospects, and high food prices have likely led to continued increases in poverty, with projections suggesting that by 2024, 36.1 percent of the population, or 13.4 million people, is living on less than $2.15 per day.

Inflation at 31% and interest rates at over 20%

Angolan banks struggling with margins

Fertilisers wont help the poor or save the country etc

Imo - if this loan is not approved on time for 2025 growing season - entire project could be canned or scaled back significantly - read risks

IMO