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IMF agreement crucial for recovery

    NAIROBI

    Meanwhile, the Economist Intelligence Unit (EIU) said in a country report last week that, despite the damage caused by the civil war, economic performance in the Congo would improve owing to higher revenue from the oil sector, which was relatively unaffected by the conflict. With greater stability, it said foreign assistance for reconstruction was likely to increase, and an agreement with the IMF may be possible toward the end of the year. “Such an agreement, which is essential for releasing other foreign aid, would ensure economic recovery and the restoration of basic services,” it said.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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