Congo-Kinshasa: DRC Agrees to IMF Deal but Players Worry Over Looming Purge of Sector

The Democratic Republic of Congo's decision this week to launch a programme meant to clean the lucrative mining sector is causing jitters among players who may have benefited from skewed contracts.

The programme to purge the sector, Congo's biggest source of revenue, is a result of an agreement with the International Monetary Fund (IMF) in July. Under this arrangement, the IMF committed to a three-year credit to the tune of $1.5 billion.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.