Rigobert Roger Andely working on sustainable refinancing of oil debt

Rigobert Roger Andely working on sustainable refinancing of oil debt

After restructuring Congo’s previous debt against its crude oil production at the end of January, as announced exclusively by Africa Business+, and the resumption of IMF disbursements, the Congolese minister of finance, budget and public portfolio is considering how to reduce the Treasury’s exposure to oil prices over the longer term.

Someone shares this article with you
            ▪ Rigobert Roger Andely working on sustainable refinancing of oil debt

▪ After restructuring Congo’s previous debt against its crude oil production at the end of January, as announced exclusively by Africa Business+, and the resumption of IMF disbursements, the Congolese minister of finance, budget and public portfolio is considering how to reduce the Treasury’s exposure to oil prices over the longer term.

https://www.africabusinessplus.com/en/812000/rogobert-roger-andely-is-working-on-sustainable-refinancing-of-oil-debt/

Rescheduling of oil debts with traders Orion, Trafigura and Glencore, combined with the rise in oil price, has temporarily put the country out of over indebtedness. In addition, the Republic of Congo has just concluded the first review of its current 36-month Extended Fund Facility with the IMF. As a result, a disbursement of SDR 64.8 million is expected soon, subject to approval by the Fund’s Executive Board.

This article is for subscribers only. To read more, subscribe with a special offer.

You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.

Recommended articles

Public decision maker

02/05/2022 at 16h50, by Africa Business+, updated 03/05/2022

Millennium Challenge Corp: who is Joel Johnson of FGH, the new DR Congo lobbyist?

Finance Minister Nicolas Kazadi is sparing no effort to advance the DRC’s application to the US anti-poverty...

Bank

28/04/2022 at 16h28, by Africa Business+

Rigobert Andely appoints Citi and Deutsche Bank for Congo’s new Eurobond

The government has been preparing its first sovereign issue on the international capital markets since...

Rail transport

22/04/2022 at 16h45, by Africa Business+

Bolloré will not invest in Congo Ocean Railway though it is a valuable partner

The Chemin de fer Congo Océan (CFCO) now transports only one container in ten on the Pointe-Noire-Brazzaville...

Advisory

21/04/2022 at 15h15, by Africa Business+

Arbitrators chosen to settle Congo Mining (MHL) versus Congo-Brazzaville dispute

The mining company and the Republic of Congo have been at loggerheads for several months following the...

Agri-food industry

05/04/2022 at 16h09, by Africa Business+

George Forrest’s plan to make GoCongo Holding Belgium number one in agribusiness

“With $40 million invested per year, we want to be the number one in the country,” Belgian-Congolese...

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : [email protected]

Add AB+ to your home screen

1. Click on + at the bottom of your screen.

2. Click on + to add AB+ on the home screen.

3. Enter the name of the shortcut and confirm.