Browsing Tag

foreign

The Democratic Republic of Congo is establishing “particular financial zones” to draw overseas buyers

Within the Democratic Republic of Congo, the authorities try to diversify a nonetheless fragile financial system, which is principally because of the mining sector. To do that, they determined to create six particular financial zones. On November 4, Congolese Prime Minister Sylvestre Ilunga Ilunkamba launched the nation's first pilot "particular financial zone" within the suburbs of the capital…

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…

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