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World Bank President Robert Zoellick Meets with President Joseph Kabila in Goma

ACP - August 11, 2009

Joseph Kabila and Robert Zoellick in GomaThe president of the World Bank, Robert B. Zoellick, met with President Joseph Kabila for an hour on Tuesday in Goma (North Kivu province). They reviewed the economic issues affecting the DRC amidst the global fincancial crisis.
Chinese Mineral Deal Blocking Congo's IMF Debt Relief

VOA News - May 26, 2009

Joseph Kabila and Hu JintaoCongo's $9,000,000,000 mineral deal with China is holding up agreement with the International Monetary Fund on reducing its external debt. President Joseph Kabila's government wants the IMF to forgive much of its external debt. But the IMF says Congo's massive mineral deal with China could make that debt worse. So it is waiting for the results of a feasibility study next month before deciding on Congo debt relief.
Statement by IMF Managing Director Strauss-Kahn at the conclusion of his visit to the DRC

IMF - May 25, 2009

Dominique Strauss-KahnI welcomed President Kabila's agenda for tackling critical social and infrastructural needs, and which warrant increased public spending. Of course, such spending should take place within a clear debt sustainability framework "IMF staff are finalizing negotiations on a new program under the Poverty Reduction and Growth Facility, pending an outcome, consistent with debt sustainability, to the mining and infrastructure cooperation agreement between DRC and China.
IMF Managing Director Dominique Strauss-Khan meets with President Joseph Kabila

ACP - May 24, 2009

Dominique Strauss-Khan with Joseph Kabila in KinshasaThe economic future of the Democratic Republic of Congo was the main topic of discussion between President Joseph Kabila and the Managing Director of the International Monetary Fund (IMF), Dominique Strauss-Khan, on Sunday in Kinshasa.



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