Sovereign Analysis /
Congo

Republic of Congo: IMF staff agreement on new programme a positive surprise

  • IMF announces staff-level agreement on new three-year ECF

  • Given the history, the announcement is a bit of a surprise, but things have changed; crucially, debt is now sustainable

  • Higher oil prices, restructuring agreements so far, strong engagement, and time, have helped; upgrade to Buy

Republic of Congo: IMF staff agreement on new programme a positive surprise
Stuart Culverhouse
Stuart Culverhouse

Head of Sovereign & Fixed Income Research

Tellimer Research
10 November 2021
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