Thursday, August 17, 2017

Congo Republic PM, cabinet resign amid economic woes



Congo Republican Prime Minister Clement Mouamba and his cabinet have resigned, days after President Denis Sassou Nguesso said he was seeking a new government to deal with the country's economic woes.

The resignation comes days ahead of president's crucial talks with the International Monetary Fund.

Prime Minister Clement Mouamba's government had presented its resignation on Wednesday, said a statement from the president's office.

The announcement came two weeks after the ruling party's comfortable election win in legislative elections but as the country struggles to overcome an economic crisis.

In a speech Monday on the 57th anniversary of the country's independence, Sassou Nguesso acknowledged the problems facing the country.

"These difficulties started out as financial. Today they have spread into the economic and general areas," he added.

The public debt of the small central African country of 4.5 million people, represents 117 percent of its GDP, according to the IMF.

The IMF recently accused Brazzaville of having hidden part of its debt from the organisation by claiming it was 77 percent of national output.

Part of the oil-rich country's troubles have been caused by the fall in the price of oil on world markets.

The country's opposition blamed the outgoing government for the crisis.

Jean Itadi, one of the leaders of the opposition, was holding a press conference as news broke of the government's resignation.

Denouncing the government's incompetence, he told AFP: "If we had well managed our resources we wouldn't be here.”

AFP
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