IMF credit to Chad delayed over Glencore oil debt

Chad’s stalled talks with Glencore on restructuring more than $1 billion in debt due to the trading firm has delayed the release of IMF funds for the struggling central African country until at least early next year, sources familiar with the matter said. The International Monetary Fund has said Chad’s external commercial debt, most of which is to Glencore, was unsustainable as it eats up most of the country’s oil revenues.