LUANDA (Reuters) - China will provide an additional $135 million in financing to rebuild Angola's electricity, water and road systems, expanding its stake in the oil-rich African nation, Angola's state-run ANGOP news agency said on Friday.

Oil-backed credit from the Export-Import Bank of China has allowed Angola to bypass traditional lenders, including the World Bank and International Monetary Fund, as it rebuilds its infrastructure following a 27-year civil war that ended in 2002.

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Posted by boyang at July 4, 2008 6:39 PM