Bank freezes ties with Brazzaville

Washington - The World Bank has frozen its financial ties with the Republic of Congo because the government has defaulted on …

Washington - The World Bank has frozen its financial ties with the Republic of Congo because the government has defaulted on its loan payments, bank sources said yesterday. The Brazzaville government went into default on October 31st on loans from the bank, prompting the lending agency to freeze their relationship, the sources said.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up for push alerts to get the best breaking news, analysis and comment delivered directly to your phone

  • Listen to In The News podcast daily for a deep dive on the stories that matter