Browsing Tag

Concerns

concerns about the decline in foreign exchange reserves

The Democratic Republic of Congo again has only 2.5 weeks of foreign exchange reserves. Nearly $ 700 million, according to the Monetary Policy Committee. The decline in these reserves, crucial in a country that matters for everything, led last year to higher prices and a decline in the Congolese franc. Are we in danger of experiencing the same scenario at the end of the year? Falling back into a crisis similar to 2019 is what fears former presidential candidate Noel Tshiani, a former senior World Bank staffer who has…

at the EU summit, all concerns were put on the table

The political dialogue between the DRC and the European Union ended on Tuesday. For two days, about ten ministers and the Ambassador of the European Union and his team had the opportunity to address all common concerns. Open and honest discussions, both sides say. The organization of an annual dialogue is one of the provisions of Cotonou Agreement, but in the Congo it had not been held since 2009. Note this DRC complained that the Directive ofEuropean Unionon the imposition of sanctions against companies that buy minerals…

Concerns over African debt following Zambia’s difficulties

Zambia has failed to secure a moratorium on its Eurobond debt from its private creditors. Zambia is one of the many countries that have become indebted to Eurobonds in recent years. As the IMF worries about an alarming rise in debt in Africa, several African countries could quickly default on their payments. The event did not…

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