The International Monetary Fund blocked the release of the last $40 million installment under a three-year program for Congo, citing the country’s “extreme slowness in the achievement of goals and the implementation of structural reforms.” Central bank governor Jean-Claude Masangu made the disclosure during a news conference in Kinshasa. A source suggested that the central bank is to blame for the development as it failed to keep the lid on its spending and observe the set limits for its net internal assets and the government’s net banking credit. (Source: IMF blocks 40 million dollar payment to DR Congo over slow pace of reform/Agence France Presse)
Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).
