New oil finds have driven growth
The International Monetary Fund has predicted that Angola will achieve a 23% growth rate this year as new deep-water oil fields come on stream. But the IMF criticises a continued lack of transparency in Angolan businesses.
It says no progress has been made towards publishing the accounts of the state oil and diamond companies.
Campaigners have previously identified a lack of transparency in state oil company Sonangol as allowing the large-scale funnelling off of funds.
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