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Congo Targets 63% Debt Reduction as IMF Warns of Distress

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Kingsley Kobo

Kingsley Kobo is an expert on Francophone West and Central Africa, with over 15 years' experience covering business, finance, politics, tech, and more across both regions.
  • Debt-to-GDP ratio remains high at nearly 95%
  • Ambitious plan focuses on repayments and tighter fiscal management

Congolese authorities announced plans Thursday to reduce the country’s public debt stock by 63% within five years, responding to concerns highlighted in the latest report from the Congolese Amortization Fund (CCA). The report placed Congo’s total outstanding debt at $14.4 billion—94.74% of GDP—as of December 31, 2024.

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