The DRC’s desire to choose its own mining trading partners, whether Chinese investors or Western corporations, calls the bluff of global financial institutions like the IMF and World Bank, writes Antoine Roger Lokongo. Negotiations the country has conducted reveal how these institutions are putting pressure on the DRC government to ditch the Socomin deal with China – a Beijing-based, joint-venture between the DRC’s Gécamines and a group of Chinese state-owned enterprises – as a condition to get its debt forgiven. That is clearly blackmail, Lokongo maintains, and is inconsistent with the spirit of free trade and globalisation.

cc The DRC’s desire to choose its own mining trading partners, whether Chinese investors or Western corporations, calls the bluff of global financial institutions like the IMF and World Bank, writes Antoine Roger Lokongo. Negotiations the country has conducted reveal how these institutions are putting pressure on the DRC government to ditch the Socomin deal with China – a Beijing-based, joint-venture between the DRC’s Gécamines and a group of Chinese state-owned enterprises – as a condition to get its debt forgiven. That is clearly blackmail, Lokongo maintains, and is inconsistent with the spirit of free trade and globalisation.