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DRC: Senate approves proposed restructuration of $2.5 bln debt  

Tuesday, 21 May 2019 15:38
DRC: Senate approves proposed restructuration of $2.5 bln debt  

(Ecofin Agency) - In the Democratic Republic of Congo, the Senate has approved the proposed restructuration of a $2.5 billion debt owed to Exim Bank China.

This approval is the ultimate step of a process that will allow the Central African country solve its debt problem, which was a roadblock for its agreement with the IMF.

Neither the financing terms nor the volume of DRC’s debt toward China was clearly explained. According to figures published in 2017 by the China-Africa Research Initiative (CARI), this debt was $7.6 billion. The country’s debt towards Exim Bank China was close to $2.5 billion.





 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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