Friday, March 29News That Matters

Tag: Mining

IMF Calls for Transparency in Mining Contracts

IMF Calls for Transparency in Mining Contracts

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In 2012, the IMF suspended its aid to the country under former president Joseph Kabila because of concerns about corruption in the mining sector. The International Monetary Fund said Tuesday the government of the Democratic Republic of Congo needed to be fully transparent with its mining contracts in order to access any new aid programme. The comments by the IMF's representative in Kinshasa, Philippe Egoume, was the latest development in a long-running dispute over the corruption-plagued mining industry which is overseen by a public company. "We have a disagreement with the authorities, who prefer to publish recent contracts but not the old ones," Egoume said during an online news conference. "In our view, all the contracts should be published." DR Congo is one of the m...