WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2007-10-05 Time: 00:00:00 Posted By: Jan
Kinshasa – The International Monetary Fund warned on Wednesday of the risk represented by a loan China has offered of more than five billion dollars (about R34-billion) to the Democratic Republic of Congo.
The IMF representative to the DRC, Xavier Maret, argued that it was “the concern of the international community to avoid a new public debt for the DRC… that would go against debt relief.”
He added that care should be taken because of the large sums involved, which could have an impact on the whole economy of the country.
Kinshasa last month announced signing a protocol with China, which has been pouring money into resource-rich African nations, for a loan to boost the mines sector and provide infrastructure.
| ‘That would go against debt relief’ |
Elsewhere, Maret commended the new DRC government for bringing macro-economic stability to the country, but he also urged “realistic forecasts” for the 2008 budget.
The government’s financial management “is currently globally satisfactory,” Maret said after a 15-day assessment mission from the world lending body’s Africa department.
Maret said that the government that started work in February had “introduced a very tight fiscal policy” which had “allowed not only a certain appreciation in the rate of the Congolese franc (to the dollar) and… a substantial decline in inflation,” now at nine percent, but also “an increase in the Central Bank’s foreign reserves.”
The new government took office after a crucial electoral year under the aegis of the United Nations and a large peacekeeping mission.
Only in 2003 did the country emerge from a rebel war that brought the armies of more than half a dozen other African nations on to its soil, rich in mineral resources, but where much of the population lives on or below the bread line after decades of corrupt rule and conflict.
The eastern provinces are still wracked by ethnic and rebel unrest, fuelled by cross-border tensions.
Source: http://www.iol.co.za/index.php?art_id=nw20071003195241981C327763