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The International Monetary Fund (IMF) on Friday resumed payments to Guinea-Bissau which were suspended in June over the government's loan bailouts for two private banks. The decision by the IMF's board could also lead donors, which also suspended budget support equal to 2.1 percent of GDP for this year, to follow suit. Total donor contributions, including direct budget support and financing for targeted sectors and projects, typically make up around 80 percent of Guinea-Bissau's budget.
By Herculano Coroado LUANDA (Reuters) - Angolan President Jose Eduardo dos Santos, who has been in power since 1979, will not stand for re-election at national polls due to be held next year, a ruling party document showed on Friday. Joao Lourenco, the defence minister and vice president of the ruling MPLA party, was approved by its key decision-making body as its standard bearer to succeed Dos Santos after the president proposed him a day earlier. The party said on Thursday that rumours circulating in social media that Dos Santos was ill were untrue.