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TotalEnergies: IMF debt rules hobbling Africa green energy projects

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TotalEnergries CEO Patrick Pouyanne speaks during a panel during Abu Dhabi International Progressive Energy Congress in Abu Dhabi, United Arab Emirates on October 2, 2023. PHOTO | REUTERS

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By  Reuters

News agency

Thomson Reuters

Renewable energy investments in Africa are being hobbled by insufficient government loan guarantees, as the International Monetary Fund keeps a tight leash on country indebtedness, TotalEnergies CEO Patrick Pouyanne said on Wednesday.

Pouyanne said currently electricity projects in Africa suffer from "a problem of solvency... you have a risk not to be paid".

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