Central African Republic : Congo Republic to hike public sector salaries 25 pct
on 2010/8/14 10:32:34
Central African Republic

20100813
reuters

BRAZZAVILLE (Reuters) - Congo Republic will give all public sector workers a 25 percent pay rise to mark the 50th anniversary of its independence from France, the central African country said on Friday.

The oil-producing nation of around 4 million people employs 60,000 state workers, whose minimum salary is 50,000 CFA francs per month.

"The minimum salary in the public sector will rise by at least 25 percent," President Denis Sassou-Nguesso said in a national address as part of the August 15 anniversary celebrations.

"This is a great present ... For a long time our salaries have been low, while the cost of living has risen," said teacher Claude Goma.

Congo doubled its national budget in 2010, banking on an increase in petroleum revenues to improve infrastructure and combat poverty, but its government has since come under pressure from donors to keep spending in check.

The Paris Club of sovereign creditors and Brazil agreed earlier this year to write off all of the country's debt in a deal worth around $2.4 billion.

In January, the International Monetary Fund said the government should limit spending to avoid being forced to borrow and thereby running up debt again.

Previous article - Next article Printer Friendly Page Send this Story to a Friend Create a PDF from the article


Other articles
2023/7/22 15:36:35 - Uncertainty looms as negotiations on the US-Kenya trade agreement proceeds without a timetable
2023/7/22 13:48:23 - 40 More Countries Want to Join BRICS, Says South Africa
2023/7/18 13:25:04 - South Africa’s Putin problem just got a lot more messy
2023/7/18 13:17:58 - Too Much Noise Over Russia’s Influence In Africa – OpEd
2023/7/18 11:15:08 - Lagos now most expensive state in Nigeria
2023/7/18 10:43:40 - Nigeria Customs Intercepts Arms, Ammunition From US
2023/7/17 16:07:56 - Minister Eli Cohen: Nairobi visit has regional and strategic importance
2023/7/17 16:01:56 - Ruto Outlines Roadmap for Africa to Rival First World Countries
2023/7/17 15:47:30 - African heads of state arrive in Kenya for key meeting
2023/7/12 15:51:54 - Kenya, Iran sign five MoUs as Ruto rolls out red carpet for Raisi
2023/7/12 15:46:35 - Ambassador-at-Large for Global Women’s Issues Gupta Travels to Kenya and Rwanda
2023/7/2 14:57:52 - We Will Protect Water Catchments
2023/7/2 14:53:49 - Kenya records slight improvement in global peace ranking
2023/7/2 13:33:37 - South Sudan, South Africa forge joint efforts for peace in Sudan
2023/7/2 12:08:02 - Tinubu Ready To Assume Leadership Role In Africa
2023/7/2 10:50:34 - CDP ranks Nigeria, others low in zero-emission race
2023/6/19 15:30:00 - South Africa's Ramaphosa tells Putin Ukraine war must end
2023/6/17 15:30:20 - World Bank approves Sh45bn for Kenya Urban Programme
2023/6/17 15:25:47 - Sudan's military govt rejects Kenyan President Ruto as chief peace negotiatorThe Sudanese military government of Abdel Fattah al-Burhan has rejected Kenyan President William Ruto's leadership of the "Troika on Sudan."
2023/6/17 15:21:15 - Kenya Sells Record 2.2m Tonnes of Carbon Credits to Saudi Firms

The comments are owned by the author. We aren't responsible for their content.