Angola loan repayment changes not debt restructuring, says Chinese official

Angola and Chinese lenders are discussing making changes to repayments on loans made to the southern African country, but those "adjustments" will not be a debt restructuring, a Chinese official said on Wednesday. Angola will pay up to $200 million less each month towards a reserve to service loans with the China Development Bank (CDB), its biggest Chinese creditor, an Angolan minister said at the conclusion of a visit to China last week. The oil producing country owes Chinese creditors about $17 billion, its president, Joao Lourenco, said during the trip, almost 40% of its external debt.