Article
Has the IMF dropped the ball on transparency reforms in the Republic of Congo?
The Publish What You Pay coalition is concerned that the International Monetary Fund has given the green light for the Republic of Congo to take another step towards major debt relief, even though the government’s own figures reveal hundreds of millions of dollars of unexplained discrepancies...[A]round one third of Congo’s 2004 oil income appears to be unaccounted for in the budget. [refers to the national oil company, Société Nationale des Pétroles du Congo (SNPC), and to Sphynx (UK) Ltd.]