Congo Republic President Denis Sassou Nguesso reappointed Clement Mouamba as prime minister on Monday, four days after Mouamba and his cabinet resigned, the president’s office said in a statement.

Mouamba, who resigned last week, is now charged with forming a new government, the statement said.

Last week’s resignations came after Sassou Nguesso said he wanted a new government to help alleviate economic woes caused by a steep drop in oil prices since 2014.

Public debt has shot higher, raising questions over Congo’s ability to meet coupon payments for its $363 million Eurobond.

Source – Reuters