Whereas an task from the Worldwide Financial Fund (IMF) has been dwelling in Kinshasa for greater than every week, Kristalina Ivanova Gueorguieva, CEO of this monetary establishment, met Félix Tshisekedi in Paris on Monday. This assembly, which was held alongside the worldwide summit on the financing of African economies, issues negotiations on a brand new program. Though progress has been made, there remains to be an extended approach to go, given the situations on the Congolese facet.
as reported from Kinshasa, Affected person Ligodi
For a number of the cash, there will likely be no situations. The Democratic Republic of Congo expects $ 1.5 billion from the IMF in August. It’s underneath particular drawing rights. This enables the nation to improve its official reserves. As for the continued discussions in Kinshasa, there may be discuss of an extra $ 1.5 billion that may be granted underneath a three-year program.
Nevertheless, with a purpose to begin negotiations on this program, it’s significantly obligatory to evaluate the earlier commitments made by the Democratic Republic of Congo.
For instance, the nation should justify using funds obtained as a part of the struggle towards the coronavirus. That is an quantity of greater than 360 million {dollars} granted in April 2020. For instance, the IMF desires the Congolese authorities to publish the contracts signed with the assorted suppliers.
There are additionally the anticipated modifications from the Central Financial institution of Congo (BCC) that should adjust to the brand new regulation that has organized it since 2018. For instance, a primary and a second deputy governor should be appointed rapidly. In the present configuration, the Deputy Governor, like all directors, exceeds his mandate.
Briefly, we will need to have a brand new board and a renewed board to strengthen BCC’s credibility with its companions.
Along with these two essential situations, the IMF additionally insisted on good governance, the struggle towards corruption and the necessity to enhance the mobilization of public revenues.
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