Brazil deepens Angola ties.
Brazil Brazil (brəzĭl`), Port. Brasil, officially Federative Republic of Brazil, republic (2005 est. pop. 186,113,000), 3,286,470 sq mi (8,511,965 sq km), E South America. is to almost double the credit line it has extended to Angola Angola (ăng-gō`lə), officially Republic of Angola (2005 est. pop. 11,191,000), including the exclave of Cabinda, 481,351 sq mi (1,246,700 sq km), SW Africa. . The Brazilian government's decision is intended to increase the exports of Brazilian firms to the southern African nation and assist the rebuilding of Angola's economy as part of a strategy to expand its influence in Africa. Brazil began providing a $1.3bn revolving credit Revolving Credit
A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. line to Angola in 1995 and now plans to increase the facility by an additional $1bn.
Brazil's President Luiz Inacio Lula da Silva sil·va also syl·va
n. pl. sil·vas or sil·vae
1. The trees or forests of a region.
2. A written work on the trees or forests of a region. has frequently noted that Brazil shares many cultural affinities with Africa and has proposed that his country develop increasing co-operation with the developing world in general and Africa in particular. Announcing the additional financial assistance Brazil is providing Angola he commented that he is confident that Brazilian firms can provide the solutions to some of Angola's most vexing problems. Angola's government is making a priority of rebuilding infrastructure, including ports, roads and railway lines to rebuild economic capacity and raise the people's living standards living standards npl → nivel msg de vida
living standards living npl → niveau m de vie
living standards living npl .