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Vol 2 (AAC) No 6

Published 1st April 2009


Congo-Kinshasa

Debt, markets and Beijing

All three sides - the IMF, Kinshasa and Beijing - say there is little room for compromise on this month's debt relief talks

Kinshasa's negotiators are preparing for more talks with the International Monetary Fund's debt experts at the Fund and World Bank's spring meetings in Washington on 25-26 April. The fundamental problem remains unresolved: the IMF argues that any progress on a debt reduction plan (financed by the Bank, the Fund and other Western creditors) for Kinshasa will require a renegotiation of the US$9 billion minerals-for-infrastructure deal with China known as Sicomines.

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