Angola's economy has undergone a period of transformation in recent years, moving from the disarray caused by a quarter century of war to being the second fastest growing economy in Africa and one of the fastest in the world. The loan of $2 billion approved by China in 2004 has been used to rebuild Angola's infrastructure. Angola’s growth is almost entirely driven by rising oil production. In December 2006, Angola was admitted as a member of OPEC. The country's economy has grown since achieving political stability in 2002. The oil sector, with its fast-rising earnings has been the main driving force behind improvements in overall economic activity. According to the Heritage Foundation, a conservative American think tank?, oil production from Angola has increased so significantly that Angola now is China's biggest supplier of oil.

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