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IMF seeks Congo debt restructuring, governance reform

Talks are under way between the government of Republic of Congo and the International Monetary Fund (IMF) over a potential three-year Extended Credit Facility (ECF) programme. An IMF spokesperson confirmed to African Energy that talks with President Denis Sassou-Nguesso’s administration were continuing following a mission in November but declined to predict when an agreement might be reached. “The IMF continues to hold productive discussions with the authorities.

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