CORRECTED (OFFICIAL)-IMF agrees $456 million programme with Congo Republic

  • 11/8/2021
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(Reflects IMF’s official correction that programme is worth equivalent of $456 million, not $1.1 billion) DAKAR, Nov 8 (Reuters) - The International Monetary Fund on Monday said it had reached a staff-level agreement with Congo Republic on a three-year lending programme worth around $456 million to help stabilise the economy and spur a post-pandemic recovery. “Projected at 94 percent of GDP at end-2021, debt is sustainable but significant vulnerabilities persist,” the Fund said in a statement. (Reporting by Bate Felix Writing by Alessandra Prentice Editing by Aaron Ross)

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