Angola, Africa’s second largest exporter of crude, plans to borrow $10 billion from the World Bank and China as slump in oil prices continue to hit the Southern African country hard.

The country is also issuing a debut $1.5 billion Eurobond, Reuters reports citing two banking sources said.

Angola’s central bank, earlier in the month, sold $160 million in foreign currency to defend the Kwanza, as the oil price slump bites harder. The country has already slashed $17 billion off this year’s budget. It hopes to get a $1 billion credit line from the World Bank and billions more from China.

The country’s debt in 2015 is expected to reach $47 billion, about 35.5 percent of GDP.