In its financing attempts that brought the resource-rich country to become indefinitely indebted for a long time, the Government of Angola sought a US$15 billion loan from China (one of many) last May. Just as this latest round of financing commenced, Standard and Poors downgraded Angola’s sovereign credit rating to B- due to concerns about […]
International banking has always been subject to laws and rules that apply where their head offices operate as well as via international rules and standards. For an international law to apply, it often has to be codified within a country, as even if the law is accepted and applied through international agreements or treaties, the […]
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