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Vol 61 No 3

Published 6th February 2020


Lourenço faces the crunch

The campaign to recover loot is popular, and the IMF is supportive, but the numbers are terrible

The pursuit by investigative journalists and Luanda's prosecutors of Isabel dos Santos offers a temporary distraction from the country's economic meltdown. Enthusiasm to see Isabel dos Santos on trial in Luanda may wane as the myriad legal cases around her US$2.2 billion fortune drag on and the prospects of assets returning from overseas fade into the distance. Much will depend on the investigations into what bankers reckon to be more than $100bn of illicit financial flows out of the country between 2002 and 2017.

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