The China International Fund

In addition to the process of public inflows, there is reportedly a “shadow” financing structure between China and Angola. The China International Fund (CIF) is famous in the oil sector. It is managed by the Queensway 88 group, ostensibly a private Hong Kong-based firm. A US Congressional report claims the CIF is linked to both the Ministry of Public Security and the Ministry of State Security in China.11 The Gabinete de Reconstrução Nacional (GRN), Angola Reconstruction Agency, has managed loans from the CIF. President Jose Eduardo dos Santos, who ruled Angola from 1979 to 2017, created GRN in 2005 สล็อต เว็บตรง