DAKAR: The International Monetary Fund (IMF) will consider renewing financial support to Democratic Republic of Congo within the next six months, the government in Kinshasa said on Saturday.
The IMF suspended its last financial aid to Congo - a loan program worth more than $500 million - in 2012 after the government failed to provide sufficient details on the sale of state mining assets to an offshore company.
In a statement following a cabinet meeting, the government said: “The IMF will examine within six months a short-term program with the government.” It provided no further details.
The IMF did not immediately respond to a request for comment. It said last month that a political transition in which Felix Tshisekedi succeeded longtime President Joseph Kabila in January provided an opportunity to address deep-seated economic challenges.
Congo is a leading miner of cobalt, copper, gold, tin and diamonds but remains one of the world’s least developed countries, largely due to corruption and poor governance.
The headquarters of the Sui Southern Gas Company . — APP FileKARACHI: Sui Southern Gas Company has launched a fresh...
The logo of the ExpoMed Eurasia. — CA MI websiteKARACHI: Pakistan is participating in ExpoMed Eurasia, a leading...
Gold bars are seen in this undated file photo. — AFP/FileKARACHI: Gold prices increased by Rs500 per tola on...
FFBL Head Office building can be seen in Islamabad. — FFBL WebsiteKARACHI: Fauji Fertilizer Bin Qasim Limited has...
Representational file of an MBW car. — AFP FileLAHORE: Small improvements in economic credentials of the country are...
The logo of the Oil and Gas Regulatory Authority . — Ogra websiteKARACHI: After Pakistan’s oil refineries,...