Congo-Brazzaville needs new money and
As of March 12, the Republic of Congo is launching a 100 billion CFA franc bond issue within the CEMAC zone. The funds will be used for the infrastructure programs in the 2021 budget, and part of the money will also be used to repay the domestic debt to companies. Brazzaville has no choice but to borrow, because despite an agreement reached in 2019 with the IMF, the institution is reluctant to release…