The Statistical Debt Bulletin for the first quarter of 2026 presents detailed data on the Republic of Congo's public debt position as of March 2026. The total external debt reached USD 8.7 billion, representing 23% of GDP, while internal debt stood at USD 12.4 billion, accounting for 33% of GDP. The debt portfolio is dominated by long-term sovereign bonds issued in 2023 and 2024, with maturities extending up to 2035. Debt service costs remained modest at 1.2% of GDP, reflecting favorable interest rates and a favorable debt composition with a majority of concessional loans. The bulletin breaks down debt by creditor type, showing that multilateral institutions hold 38% of external debt, bilateral partners 27%, and private creditors 35%. A notable development is the recent issuance of a 5-year sovereign bond worth USD 500 million, which was oversubscribed, indicating investor confidence. The Ministry highlighted ongoing debt sustainability analyses, which project a stable debt trajectory under current fiscal policies. However, the bulletin warns of potential vulnerabilities should oil price volatility increase borrowing costs or if fiscal deficits widen. Recommendations include enhancing revenue mobilization, pursuing structural reforms in the public sector, and maintaining prudent borrowing practices to safeguard debt sustainability.

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