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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

Brandon Orion Mensah

Brandon Mensah tracks Africa’s markets, uncovering the forces shaping investment, policy, and financial trends.
  • 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.

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