November 16, 2017 / 5:57 PM / in a month

Congo Republic revenues down 31 pct since oil price drop -PM

BRAZZAVILLE, Nov 16 (Reuters) - Congo Republic’s total government revenues have plummeted by 31.3 percent and revenues from the oil sector have fallen 65.1 percent since 2015 due to a slide in global crude prices, Prime Minister Clement Mouamba said on Thursday.

The government is negotiating with the International Monetary Fund (IMF) for a bailout due after public or publicly guaranteed debt spiked this year to 110 percent of GDP, according to the IMF. (Reporting By Christian Elion; Writing by Aaron Ross; Editing by Andrew Heavens)

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