The Republic of Congo will benefit from $448.6 million granted by the International Monetary Fund IMF to fund its economic reforms. This was reported this week by the institution.
Monies will be granted under the 3-year Extended Credit Facility (ECF), signed in 2016, which aims to help Congo restore macroeconomic stability, including debt sustainability, and lay the foundations for higher and more inclusive growth.
“Authorities have implemented an ambitious program of reforms to improve governance. Further reforms will be needed to strengthen the rule of law and the mechanism to combat money laundering and terrorist financing and to establish the new High Authority against Corruption,” said Mitsuhiro Furusawa (photo), IMF’s Deputy Managing Director.
Let’s note that $44.9 million is expected as the first instalment of a new Extended Credit Facility signed with Congo.
Moutiou Adjibi Nourou
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
BYD plans to open 35 dealerships in South Africa by Q1 2026, earlier than initially scheduled...
Mauritius Telecom to invest $434M over 3 years to boost digital infrastructure Plan includes new submarine cables, sovereign cloud, AI,...
Sudan prepares launch of Baldna platform to digitize public administration System enables secure data exchange among ministries and state...
M-Pesa accuses Ethio Telecom of blocking access to new Lehulum app App aims to offer universal M-Pesa access, approved by national regulators...
Guinea approves new pre-school regulations after two-day national workshop Key texts define standards, staff roles, and institutional structure...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...
Mauritius recorded a 56% increase in UK Google searches for “Christmas in Mauritius” over the past three months. The island ranked fourth overall...