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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.
Student's question lost in translation 'struck a nerve' with Hillary Clinton

CNN - August 11, 2009

Hillary ClintonThe tense moment happened as Clinton spoke to students at a Congolese university in Kinshasa. A male student rose to ask a question about Chinese financial contracts in his country. The student asked Clinton what President Obama would think of the deal, but pool reporters in the room said the translator made a mistake and asked what Bill Clinton would think.
Hillary Clinton: the United States stand ready to assist the government to promote human rights

State.gov - August 10, 2009

Hillary Clinton in KinshasaWell, it’s interesting because I’m aware of the commitment that China has made, and I think that building roads is a very important development goal for this country. But so is good governance. So is protecting and promoting human rights. So is building an independent judiciary, a free press, the institutions of democracy that will hold up over time. It’s important to build a free market, to stand against corruption, to ask for more transparency, and the United States has been working to achieve those goals.
China vows closer bonds with DR Congo

Xinhua - July 15, 2009

Wu Bangguo and Evariste BoshabChina and the Democratic Republic of Congo (DR Congo) agreed on Wednesday to strengthen bonds between parliaments and ruling parties. The agreement was reached in a meeting between China's top legislator Wu Bangguo and Evariste Boshab, speaker of the DR Congo's National Assembly and secretary general of the People's Party for Reconstruction and Democracy (PPRD), the country's ruling party.
Government spokesman says DRC satisfied with Sino-Congolese co-op

Xinhua - July 10, 2009

Joseph Kabila and Hu JintaoGovernment spokesman of the Democratic Republic of Congo (DRC) Lambert Mende said in an exclusive interview with Xinhua that China's collaboration with DRC in such fields as infrastructure and education are beneficial to the Congolese people and the DRC government is satisfied with Sino-Congolese cooperation.
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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