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News | International Monetary Fund

DR Congo, IMF to Co-Host Conference on the Management of Natural Resources

International Monetary Fund - March 13, 2012

Congo rainforestDR Congo and the IMF will co-host a high-level conference on the “Management of Natural Resources in Sub-Saharan Africa”, on March 21-22, 2012 in Kinshasa. The event will bring together policy makers, stakeholders, academics, and civil society from around the world.
32 Million Congolese Voters Set to Elect Their Leaders

Congo News Agency - November 27, 2011

Joseph Kabila supporters during a camgaign stop in Mbuji Mayi, Kasai-Oriental ProvinceMore than 32 million Congolese voters are set to go to the polls on Monday to elect their president and national Members of Parliament for the next 5 years. After a campaign charged with claims and counterclaims, it’s time for the voices of the Congolese people to be heard.
DR Congo growth above 7 percent in 2010 - IMF

International Monetary Fund - September 3, 2011

IMF - Congo"Macroeconomic performance was strong in 2010. Real gross domestic product (GDP) growth was above 7 percent, inflation fell to below 10 percent for the first time in several years, and the external position improved," says the International Monetary Fund.
Paris Club cancels 7.35 billion of Congo debt

Paris Club - November 17, 2010

Paris ClubAs a contribution to restoring the DRC’s debt sustainability, the Paris Club creditors will provide a cancellation of USD 7.35 billion, fulfilling all their commitments under the enhanced HIPC initiative. Paris Club creditors expressed their concern over the business environment and urged the Government of the DRC to carry out further reforms to improve governance, strengthen the rule of law and fight corruption.
IMF, World Bank Grant $12.3 Billion Debt Relief for DR Congo

International Monetary Fund - July 1, 2010

IMF - CongoThe IMF and the World Bank decided June 30 and July 1, respectively, to grant debt relief worth $12.3 billion for the Democratic Republic of the Congo. The decision of the IMF and World Bank Executive Boards will generate total debt service savings of $12.3 billion.
Congo Could Have Most of Debt Forgiven by June

VOA News - March 24, 2010

IMF - CongoPresident Joseph Kabila's moves to reform the economy and better spending control have the Democratic Republic of Congo on the verge of an historic deal that could see nearly $11 billion of debt slashed to just more than $2 billion.
Paris Club, Congo agree on debt restructuring plan

Paris Club - February 25, 2010

Paris ClubParis Club creditors agreed on 25 February 2010 with the Government of the Democratic Republic of Congo to a restructuring of its external public debt, following the approval by the International Monetary Fund (IMF) of a new three-year arrangement under the Extended Credit Facility on 11 December 2009.
IMF Approves US$551 Million Loan for the DRC

IMF - December 11, 2009

IMF - CongoThe Executive Board of the International Monetary Fund has approved a three-year, US$551.45 million arrangement for the Democratic Republic of the Congo under the Poverty Reduction and Growth Facility. The Executive Board also approved additional interim assistance of US$72.68 million under the enhanced Heavily Indebted Poor Countries Initiative to reduce the DRC’s debt service payments to the IMF.
Congo Defends China Mineral Deal

VOA News - August 12, 2009

Tambwe Mwamba and Hillary Clinton in Goma - CongoThe Democratic Republic of Congo is defending a $9 billion mineral deal with China that is holding up a major international agreement aimed at reducing the DRC's external debt. China's biggest investment deal in Africa would give state-owned firms the right to develop Congolese copper and cobalt mines in exchange for building roads, railways, hydroelectric dams, universities, airports and hospitals.
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.



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