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IMF flags Congo debt risk amid fresh borrowing

Photo by Kaysha @ Unsplash | Congo
Photo by Kaysha @ Unsplash
  • Congo raised $74 million in short-term Treasury bills amid fiscal and liquidity challenges
  • The IMF has flagged Congo’s mounting debt rollover risk as potential threats to financial stability

 

BRAZZAVILLE – The Republic of Congo raised FCFA 45 billion ($74 million) on July 22 through the sale of short-term Treasury bills, as the country intensifies its reliance on the regional public securities market to manage pressing fiscal and liquidity constraints.

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