Algeria cancels Congo's FCFA 26b debt

3036 Views 13 Replies 7 Participants Last post by Simfan34, Oct 10, 2010

abdeka

Discussion Starter · Oct 8, 2010

Algeria cancels Congo's FCFA 26b debt ($55 million)
http://www.afriquejet.com/news/africa-news/algeria-cancels-congo's-fcfa-26b-debt-2010100757737.html

Brazzaville, Congo - The Algerian government has cancelled the entire debt owed it by Congo, estimated at FCFA 26 billion ($55 million), a source close to the Congolese Ministry for Foreign Affairs and Cooperation said here Thursday. The document formalising the cancellation was signed Wednesday in Brazzaville by the Congolese Minister of Foreign Affairs and Cooperation, Basil Ikouebe, and Ambassador of Algeria in Congo, Ahmed Abdessadok.

The Algerian diplomat said the cancellation was in support of the development efforts undertaken by the Congolese government.

'It is a gesture that Algeria has made to facilitate all actions taken by Congolese public authorities vis-a-vis financial international institutions in a bid to obtain the cancellation of the country's external debt,' Abdessadok said.

'This symbolic and sincere gesture is part of the commitment of both Heads of State to further strengthen their cooperation, and a reflection of the historical brotherly ties (between them),' the Ambassador said.

He said the cancellation was done at the 'special' initiative of Algerian President Abdelaziz Bouteflika.

On his part, Mr. Ikouebe reassured the Algerian diplomat that the funds saved from the cancellation would be used judiciously, especially 'to modernize and industrialise our country (and) also to fight against poverty.'

Brazzaville - Pana 07/10/2010

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reda2casa

· #3 · Oct 8, 2010

Political issues behind... in exchange Congo says :

Congo regrets Western Sahara remains last non-independent territory in Africa

New York, (UN), October 7, 2010 (SPS) - The Permanent Representative of the Republic of Congo to the United Nations, Raphael Dieudonne Maboundou, regretted before the UN Decolonization Committee that "Western Sahara remained the last Non-self-governing territory in the African continent."

He expressed concern in that regard, reiterating the support of his delegation to theUN Secretary General’s Personal Envoy for Western Sahara, Christopher Ross, in his efforts to reach a just solution guaranteeing the self-determination for the Saharawi people.

He also reaffirmed the commitment to the inalienable right to self-determination and independence of all non-self-governing peoples, as well as support for his country in favor of the Special Committee on decolonization.

Finally, the representative of Congo emphasized the need to achieve the full decolonization of all Territories, before the end of the third International Decade for the Eradication of Colonialism. (SPS)

062/090/TRA 071134 OCT 10 SPS: (Polisario's Official Propaganda Agency)

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Skizofre3e

· #4 · Oct 9, 2010

^^ Very obvious

Vive Congo kinshassa DRC

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^^ that's what we call a cheap political agenda.

And speaking of true values... Morocco did the example, when he concealed ALL african debts at the time of the signature of the Millennium Development Goals in 2000.

ps: from which Congo is butembo ?

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Skizofre3e

· #6 · Oct 9, 2010

^^ yes he is from DRC ... we have to support them getting their ACN

PS : tm3en fi signature diali o goulli kijatk :lol:

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BUTEMBO21

· #7 · Oct 9, 2010

Congo-Kinshasa doesn't tolerate Western-Sahara separatism. We also opposed Biafra separatism in Nigeria, We also opposed Cabinda separatism in Angola,

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Hadrami

· #8 · Oct 9, 2010

Skizofre3e said:
^^ Very obvious

Vive Congo kinshassa DRC

What are you guys talking about this is about République du Congo(Brazzaville) not RDC. :lol:

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reda2casa

· #9 · Oct 9, 2010

BUTEMBO21 said:
Congo-Kinshasa doesn't tolerate Western-Sahara separatism. We also opposed Biafra separatism in Nigeria, We also opposed Cabinda separatism in Angola,

True values.. being coherent.