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Angola is torn between IMF praise and K recovery



The Angolan government was forced to suspend the payment of unsecured bilateral debt to avoid default. The IMF considers this initiative positive, but the main problem remains – the country’s inability to create wealth.

In October 2020, the Economist Intelligence Unit (EIU) considered the suspension of the payment of Angola’s debt to China a good initiative, but warned that additional financial assistance would be needed to avoid a “default” in the future. “The suspension of debt service to Chinese creditors will give some fiscal room to maneuver, but more suspensions of other creditors such as the G20 or even private creditors will be required to avoid financial default in the future,” analysts warn The Economist

This assessment of Angola’s government accounts and the need for a further suspension of debt payments proved accurate, as reflected in a request made last week by the Treasury Department to sovereign partners to suspend the payment of unsecured bilateral debt between July 1 and December 31 of this year. The office, led by Vera Daves, said the break would save $ 3 billion.

The Angolan government claims this action will help mitigate the impact of the covid-19 pandemic and increase the capacity to continue developing and implementing its long-term sustainable economic growth program for the country.

The problem is in divergent paths

Beyond this argument, quite reasonably, Angola is counting on the support of the International Monetary Fund (IMF). “Angola’s decision to ask for an extension of debt relief under the Debt Service Suspension Initiative (DSSI) until December this year is positive,” said Antoinette Sayeh, deputy executive director of that body in a statement that said the IMF, as part of its expanded financial the program will immediately provide $ 772 million in aid to Angola.

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The IMF endorses the Angolan government’s “firm” policies that ensure debt sustainability, while maintaining significant uncertainty about the future. Oil revenues continue to shrink and foreign investment remains a mirage.

“Forecasts of a global economic recovery show diverging paths between a two-tier recovery and a K-shaped recovery. [queda rápida com uma subsequente recuperação diferenciada]while the developed world and some emerging markets are doing well when it comes to recovery, and some of the developing and low-income countries are lagging behind. ” The diagnosis was voiced over the weekend by World Bank CEO Ngozi Okonjo-Iweala on the sidelines of the G7 summit and, in fact, points to a slower recovery in Latin America and Africa, especially due to the uneven distribution of the covid-19 vaccine.

In other words, on the cost side, Angola is making the necessary adjustments, but income increases that could lift the economy out of the doldrums could be delayed, putting even more pressure on government accounts. The country is still in recession, negative growth, and the goal is to remain stagnant this year. This is clearly an insufficient target, which puts even more pressure on the government and the MPLA itself, given next year’s general elections.

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Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners



Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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The first Dacia hybrid. “The cheapest hybrid family on the market”



The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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See how Tesla tests its electric Semi truck in the worst-case scenarios



Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.

Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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