Fri 12 July 2019:
JOHANNESBURG (Reuters) – The International Monetary Fund’s (IMF) executive board approved a three-year extended credit facility program worth $448.6 million for Congo Republic on Thursday, the Fund said in a statement.
Negotiations for the bailout had dragged on for two years, with the IMF requiring Congo to ensure the long-term sustainability of its debt, much of which is owed to China and Chinese companies.
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