Search

IMF backs DR Congo with $442mn as Eurobond plans take shape

The streets of Congo. Photo by Lock Larsen Ansalla @ Pixabay
The streets of Congo. Photo by Lock Larsen Ansalla @ Pixabay
  • IMF approves $442mn tranche, lifting programme disbursements
  • Congo eyes debut Eurobond amid mining-led growth

 

KINSHASA, CONGO – The International Monetary Fund approved a fresh $442mn disbursement for the Democratic Republic of the Congo, shoring up external support as the government prepares a return to global debt markets.

People familiar with the matter said Citibank has been designated to advise on a planned debut Eurobond, signalling Kinshasa’s intent to test investor appetite after years away from international capital markets.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


Recent Business

Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
How Nigeria's cocoa strategy could end decades of oil dependence
Read More »
A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »

Recent Politics

Football fans on the street of Marrakesh, Morocco. Photo by Graddes @ Unsplash
Will Morocco’s $20bn World Cup gamble deliver growth?
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Will Ruto's Vision 2060 outlive Kenya's politics?
Read More »
Tigray renewed conflict. Photo/Tigray War - Wikipedia
Is Ethiopia's fragile Tigray peace finally collapsing again?
Read More »

Latest Posts

Latest news insights