From The Financial Times:
Mining companies, the International Monetary Fund and other donors were scrambling on Wednesday for clarification of a planned deal between China and the Democratic Republic of Congo.
The deal would tie up mineral resources in exchange for $5bn (‚Ç¨3.6bn, ¬£2.5bn) in infrastructure projects and loans. A preliminary agreement was signed this week just as an IMF mission landed in Kinshasa to review progress towards the resumption of budget support for Congo.
World Bank and African Development Bank officials seem to have been caught offguard by the scale and timing of China’s plans. [Full Text]