Seeking IMF Bailout, Debt-Laden Congo Steps Up War on Corruption
- Government pledges arrest of officials in coming days
- IMF has demanded governance reforms before bailout agreed
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Authorities in the Republic of Congo plan to arrest more officials as part of an anti-corruption drive to meet conditions set by the International Monetary Fund for a bailout.
Oil-producing Congo owes creditors at least $9.14 billion and sought support from the IMF last year. The Washington-based lender has insisted the government make “bold and immediate governance reforms” before any package is considered.