- Congo seeks IMF talks after major return to global debt markets
- Oil revenues now central to avoiding another painful debt restructuring
BRAZZAVILLE, CONGO – Just months after returning to international capital markets for the first time in two decades, the Republic of Congo is once again turning to the International Monetary Fund, exposing the fragile foundations beneath its financial comeback.
The government formally requested negotiations with the IMF on May 11 for a new economic and financial programme, according to the Ministry of Finance, headed by Christian Yoka. A technical mission from the Fund is expected in Brazzaville in the coming weeks.
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