The Morning Call
Congolese civil society groups have asked the International Monetary Fund (IMF) to end its dealings with the National Petroleum Company of the Congo (SNPC).
In a letter filed on the 3rd of September the civil society groups in the country estimated that these two entities have favored an increase in the Congolese debt which exceeds 120% of its Gross Domestic Product (GDP).
It says “If the IMF obtained the dissolution of Cotrade, a subsidiary of the SNPC, it can also demand and obtain the dissolution of the SNPC and the major works”.
The groups allege that the management of Congolese oil by the SNPC remains totally opaque. According to the Executive Director of the Congolese Human Rights Observatory (OCDH), Trésor Nzila, the IMF had to involve members of civil society in negotiations with the government.
This he says is due to the Congolese government’s poor handlings of previous projects with the IMF.
up next
The Morning Call
The Morning Call is about you. We want to share your opinions on our programme. If you want to contribute to The Morning Call, here are the best ways to get in touch :- Post your comment on Twitter with #themorningcall
- Sms or Whatsapp us to (+242) 064 77 90 90
- Email us on morningcall @africanews.com
- Leave a voice message here
01:05
Financial audit forces Senegal to reassess IMF program strategy
01:55
Uganda invests $3 billion in new railway system for efficient transport
02:02
IMF: Outlook for sub-Saharan Africa is improving but challenges remain
01:08
Türkiye under attack: African nations call out cowardly terrorism
Go to video
Two dead, 22 rescued after migrant boat capsizes in rough seas near Greek Island
01:26
Kenya: High Court issues order halting replacement of Rigathi Gachagua as DP