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Vol 43 No 13

Published 28th June 2002


Carrots for Kinshasa

The International Monetary Fund and World Bank's US$1.2 billion package is a massive gesture of political support for President Joseph Kabila. Technically it was made possible by a relatively successful IMF staff-monitored programme, which saw the introduction of a floating exchange rate system to break the cycle of hyperinflation and currency depreciation.

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