1.
Companies team for technologies
WASHINGTON, Dec. 7 (UPI) -- The International Monetary Fund Tuesday approved a $84.4 million loan to help Congo reduce poverty levels.
The loan will be available over a period of three years, and the first installment of $12.1 million will be available immediately.
The Washington-based agency lauded Congo's efforts to provide more information about its oil sector, including oil revenue collection, and its plan to boost transparency about the oil sector "could serve as a model for other oil-producing countries," the IMF's deputy managing director Takatoshi Kato said.
But despite its potential oil wealth, Congo continues to struggle with poverty and high debt, and the IMF loan will help the government implement its poverty eradication program, the IMF said.
|
|
|
|
|
|
| Additional Business News Stories | |
ASUNCION, Paraguay, May 22 (UPI) --
Land-locked Paraguay is hoping the latest investor seeking oil in its promising western region will have better results than previous prospectors.
|
WASHINGTON, May 22 (UPI) --
A U.S. Senate committee report has revived controversy over alleged counterfeit Chinese electronic components entering U.S.-made defense equipment and weapons.
|
Like housing markets overall, the market for luxury homes is growing tighter as the spring buying progresses. Though still a buyer's market, the ILHM Luxury Housing Report for last week shows a pattern of rising prices and fewer days on market since...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
