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Home ⟩ News

Congo, Republic Of News

IMF agrees loan to Congo after China pushes debt payments into the future

$449 million of loans agreed but no reduction in debt principal owed Debt negotiations with private commodity traders are still ongoing  The IMF has agreed $449 million of loans to…

16 Jul 2019

Tim Jones

Hidden debts contribute to crisis in Congo

Questions still to be answered about scale of hidden debts and who loans were from Congo and Chad both cannot repay, but negotiations complicated by loans backed by oil The…

18 Oct 2017

Tim Jones

Trump win pushes up future interest costs for African governments

Yields on African countries’ debts have increased by more than for countries such as the US and UK Calculations by the Jubilee Debt Campaign have shown that the future borrowing…

17 Nov 2016

Jubilee Debt Campaign

Debt risks increase as commodity prices stay low

According to the IMF and World Bank, 10 low income countries have seen an increased risk of not being able to pay their debts over the last year as global…

2 Feb 2016

Tim Jones

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