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Africa and China

China and Congo change tack on deal

By Barney Jopson in Nairobi

Published: August 18 2009 20:47 | Last updated: August 18 2009 20:47

China and the Democratic Republic of Congo have agreed to amend the terms of the biggest Chinese investment deal in Africa, which had been blocking Congo’s access to much-needed debt relief, the International Monetary Fund has said.

The changes to a minerals-for-infrastructure deal initially valued at $9bn should allow Congo to push ahead with a request for debt relief from western donors, said Brian Ames, the IMF’s country chief, at a press conference in Kinshasa, the capital.

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