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Angola Benefits From The Debt Service Suspension Initiative (DSSI) – Paris Club

Unic Press UK: The Paris Club said Monday that the Republic of Angola is eligible to benefit from the Debt service suspension Initiative (DSSI).

In a statement international lender, Paris Club, confirmed that it will provide to the Republic of Angola a time-bound suspension of debt service due from 1st May to 31st December 2020, because Angola is “committed to devote the resources freed by this initiative to increase spending in order to mitigate the health, economic and social impact of the COVID19-crisis.”.

The Government of the Republic of Angola is also committed to seek from all its other bilateral official creditors a debt service treatment that is in line with the agreed term sheet, the Paris Club added.

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