The Republic of Congos plan to restructure its debt wont affect holders of its Eurobonds, Prime Minister Clement Mouamba said. Yields on the notes fell for the first time in four days.
The oil-producing central African nation owes creditors at least $9.14 billion and sought support from the International Monetary Fund last year. A three-year program to help stabilize the countrys unsustainable external debt is expected to be agreed soon, Mouamba said in a statement emailed from the capital, Brazzaville.
The restructuring of Congos debt will be carried out according to the principles commonly accepted in this field by the international community and will exclude creditors who have a privileged creditor status, Mouamba said. No…
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