IMF APPROVES CONGO BAILOUT PROGRAM OF NEARLY $449 MLN

THE INTERNATIONAL MONETARY FUND IMF ON THURSDAY APPROVED A BAILOUT WORTH NEARLY 449 MILLION FOR THE REPUBLIC OF CONGO.

THE REPUBLIC OF CONGO HAS BEEN STRUGGLING UNDER A HUGE DEBT TO CHINA OF NEARLY 2.56 BILLION AT THE END OF MARCH.

The International Monetary Fund (IMF) on Thursday approved a bailout worth nearly $449 million for the Republic of Congo. Congo’s economy suffered a sharp drop in crude prices in 2014 and debt levels soared to 118 percent...

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Article ID: 306720 Date: 14th July, 2019 Social Shares: 12
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