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Deal was reached in Beijing last week, Congolese government spokesman Thierry Moungalla says Restructuring was a prerequisite of possible bailout from the International Monetary Fund The Republic of Congo owes state-owned Chinese entities and other creditors more than US$9 billion. Photo: AFP China has agreed to restructure the debt owed by the Republic of Congo – one of a series of preconditions sought by the International Monetary Fund before it grants the debt-laden central African nation a bailout. The […]

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