Jump to navigation

Vol 5 (AAC) No 1

Published 1st November 2011


IMF worried about Chinese loans again

The award of the copper and cobalt mines at the Lonshi and Frontier sites to the Hong Kong company Fortune Ahead Limited is causing concern at the International Monetary Fund. Congo-Kinshasa’s Finance Minister Augustin Matata Ponyo revealed in a 27 September interview on Radio Okapi that the conclusion of the fourth review of the government’s economic programme by the IMF was ‘uncertain’. As such, the transfer of the last three tranches of the Extended Credit Facility, totalling some US$94.6 million, is not a done deal.

End of preview - This article contains approximately 287 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.