Financial Times FT.com

Alarm over China’s Congo deal

By William Wallis and Rebecca Bream in London

Published: September 19 2007 19:15 | Last updated: September 19 2007 19:15

Mining companies, the International Monetary Fund and other donors were scrambling on Wednesday for clarification of a planned deal between China and the Democratic Republic of Congo.

The deal would tie up mineral resources in exchange for $5bn (€3.6bn, £2.5bn) in infrastructure projects and loans. A preliminary agreement was signed this week just as an IMF mission landed in Kinshasa to review progress towards the resumption of budget support for Congo.

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