IMF aid to Congo Republic on hold over Glencore and Trafigura loans
27 January 2020 - 21:07
London — Talks to salvage a tentative $1.7bn debt restructuring between Congo Republic and energy traders Glencore and Trafigura are stuck, sources said, jeopardising an IMF bailout for the debt-hobbled nation.
In July, the IMF signed off on a $449m, three-year lending programme to help the central African nation’s ailing economy — but only $45m has been disbursed, with other funds subject to semi-annual reviews...
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