Angola gets World Bank, MIGA loan guarantees for debt-for-education swap - Reuters

<a href="https://news.google.com/rss/articles/CBMitwFBVV95cUxOWmJmZ0U1aW0xSVVFcG1MX0F0ZFphZjhKY0R5VHFuazFIQVZibnlPbTgxLXZBREZoanhyV0VHTlFKUlpKUjEzOGRpNFoxYk5JRnhudjNkSEpPcDFSWHVtQTRiT2dYQ1Ezb1Z1N2NhcWM1cG1HZGZRb09memFCWVEyNTBKbFJLQU5qMFhNR3lONTdFbVJndF9ZVmNyYmZHeEtwVS0yUWZsYWVTTDl0enMyUUY5ZjRCemc?oc=5" target="_blank">Angola gets World Bank, MIGA loan guarantees for debt-for-education swap</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Angola has secured approval from the World Bank and MIGA for financial guarantees underpinning a 'debt-for-education' swap, allowing the government to repurchase up to $400 million of costly commercial debt and invest the savings in new schools and educational improvements.

Angola has received approval from the World Bank and its Multilateral Investment Guarantee Agency (MIGA) for financial guarantees supporting a 'debt-for-education' swap, enabling the country to buy back up to $400 million of expensive commercial debt and redirect the savings towards building new schools and improving education.