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Congo
Brazzaville hopes debt swap programme will resolve its financial woes

Reading time 4 min

Congo President Denis Sassou Nguesso in Paris for the New Global Financial Pact Summit, on 23 June 2023.
Congo President Denis Sassou Nguesso in Paris for the New Global Financial Pact Summit, on 23 June 2023. © Lewis Joly/AFP

The Republic of Congo gave the green light last month to a restructuring of its public debt via a programme of swapping treasury bills approaching maturity for longer-term financial products. This remedy for cash flow tensions could prove risky.

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