Construction firm Commisimpex is calling upon the International Monetary Fund (I...
JOHANNESBURG - Construction firm Commisimpex is calling upon the International Monetary Fund to make settlement of its 1.2 billion euro debt dispute with Congo Republic a precondition for a bailout deal, according to a letter seen by Reuters.
The IMF had also required Congo - an oil producer and OPEC member - to make progress toward restructuring debt owed to oil trading companies. The letter, dated July 5, was sent by Commisimpex’s lawyers and addressed to the IMF’s acting Managing Director David Lipton and director of its African department Abebe Selassie.Congo’s government spokesman Thierry Moungalla said he would not comment on Commisimpex.
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