Bloomberg reported that the African Development Bank has withdrawn its offer for budget support to the DRC after the IMF has cut the country’s funding due to shady, questionable mining practices.
As quoted in the market report:
The IMF stopped its loan program with Congo on Nov. 30 with $225 million of disbursements outstanding after the government failed to publish full details of a 2011 mining deal involving state-owned miner Gecamines and a company linked to Israeli billionaire Dan Gertler.
Why Have Most Investors Forgotten About Metals - One Of The Safest Investments In The World?Discover everything you need to know to diversify your portfolio with metals. Click below to download a FREE industry report on critical metals investing.
Get My Investor's Guide
Click here to download for free