Congo government quits as president prepares IMF talks

Image
AFP Brazzaville
Last Updated : Aug 17 2017 | 11:07 PM IST
Congo-Brazzaville's President Denis Sassou Nguesso cleared the decks today with the office announcement of the resignation of the government ahead of crucial talks with the International Monetary Fund.
Prime Minister Clement Mouamba's government had presented its resignation yesterday, said a statement from the president's office.
The announcement came two weeks after the ruling party's comfortable election win in legislative elections but as the country struggles to overcome an economic crisis.
In a speech Monday on the 57th anniversary of the country's independence, Sassou Nguesso acknowledged the problems facing the country.
"These difficulties started out as financial. Today they have spread into the economic and general areas," he added.
The public debt of the small central African country of 4.5 million people, represents 117 per cent of its GDP, according to the IMF.
The IMF recently accused Brazzaville of having hidden part of its debt from the organisation by claiming it was 77 per cent of national output.
Part of the oil-rich country's troubles have been caused by the fall in the price of oil on world markets.
The country's opposition blamed the outgoing government for the crisis.
Jean Itadi, one of the leaders of the opposition, was holding a press conference as news broke of the government's resignation.
Denouncing the government's incompetence, he told AFP: "If we had well managed our resources we wouldn't be here.

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First Published: Aug 17 2017 | 11:07 PM IST

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