Congo Premier Halts Aid to Struggling Bank as Franc Weakens

Updated on
  • Prime Minister says loans to BIAC are weakening currency
  • Government, central bank have had series of clashes over BIAC

Democratic Republic of Congo Prime Minster Augustin Matata Ponyo ordered the central bank to halt loans to struggling Banque International Pour l’Afrique because they’re contributing to the franc’s weakness, according to a statement from his office.

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