The President of the Democratic Republic of Congo visited the International Monetary Funds Head Office in United States of America

-


The President of the Democratic Republic of Congo visited the International Monetary Funds Head Office in United States of America on Wednesday (March 3) to discuss the African countries economic priorities.

President Felix Tshisekedi was warmly greeted by IMF Managing Director Kristalina Georgieva, and they spent an hour together in closed door discussions.

“We discussed the importance of the government taking bold actions to boost revenue, improve governance, and protect social spending, while limiting expenditure to available resources,” said Georgieva in a statement following the meeting.

It should be noted that previousely a team of the IMF services, led by Mauricio Villafuerte, stayed in Kinshasa from 19 to February 25 to discuss the evolution of the program of reference approved in December 2019. 

 The Objective of this mission was to update the macroeconomic framework and to discuss the conclusions of the recent evaluation of the safeguards of the central bank. At the exit of the visit, Mr. Villafuerte made the following statement:

"A preliminary evaluation suggests that all the quantitative objectives and structural reference of the SMP (Program of reference) at the end of December were reached. The first and second reviews of the program of reference will be combined and formally led to May".

"In 2019, inflation in annual slip remained contained to 4,6% and the rate of relatively stable exchange. On the other hand, the growth slowed down to 4,4% against 5,8% in 2018, mainly because of the fall of the mining production" added Mr. Villa fuerete.

The mission discussed the conclusions of the evaluation of the safeguards of the Bank of Congo with the authorities, exhorting them to take account of the recommendations of this evaluation with the technical aid of the partners of the Democratic Republic of Congo.
 

"The mission met President Tshisekedi, Prime Minister Ilunga Minister, Minister in charge of Finance Sele, the Governor of the BCC Mutombo, as well as many other high governmental persons in charge, representatives of the private sector and international community present in Kinshasa.

Cassien Tribunal Aungane, Editor

Comments

Post a Comment

Popular posts from this blog

Building Loyalty: The Art of Personalised Brand Experiences and Advocacy, By Tushar Vaishnavi, Strategic Planning Director, Canon Central & North Africa

-
Image
Tushar Vaishnavi, Strategic Planning Director, Canon Central & North Africa  The winds of change have swept across the African consumer landscape over the past decade, reshaping shopping habits and behaviours, particularly among our vibrant younger generations. Coupled with technological advancements and a shifting consumer-brand dynamic, this presents unique challenges – and opportunities – for businesses, retailers, and the marketing industry on the African continent. While businesses find themselves under immense pressure to deliver tangible results and demonstrate a return on investment, the battleground for consumers' attention is fierce. Today's discerning consumers have the power to choose which brands to embrace and which to ignore. Buyer journeys have also become intricate and nonlinear. Spoilt for choice when it comes to channels, consumers transition seamlessly between the physical and virtual realms to gather information, form impressions, and make purchasing de
Read more

Merck Foundation provided 780 scholarships to women doctors to empower women in science - International Day of Girls & Women in Science

-
Image
Senator, Dr. Rasha Kelej, CEO of Merck Foundation with african women • Merck Foundation marks International Day of Girls & Women in Science through their STEM program. • Merck Foundation launches the “MARS Best African Woman Researchers Awards” annually to empower and recognize women in science. In 2023, 6 Researchers from 6 different African Countries awarded in two categories - Best African Women Researchers and Best African young Researchers. • Merck Foundation empowers African Women in the areas of Science and Technology through providing 780 scholarships to female doctors out of the total 1700 scholarships which represents 46% of Merck Foundation Alumni.  • Merck Foundation also announced the Call for Applications for Merck Foundation Africa Research Summit – MARS Awards 2024 to empower Women and Youth in STEM in Africa with special focus on scientific research in Women Health and Infertility & Reproductive Health. Merck Foundation, the philanthropic arm of Merck KGaA Germ
Read more

Advancing Sustainable Oil and Gas (O&G) Investments: Savannah Energy Joins African Energy Week (AEW) 2023 as Bronze Sponsor

-
Image
The African Energy Chamber is proud to announce that Savannah Energy has joined the African Energy Week 2023 conference as Bronze Sponsor. As International Oil Companies divest from carbon-intensive oil and gas projects, independent players are taking on the challenge of sustainably developing hydrocarbons in Africa. Given the continent’s growing demand and industrialization efforts, bringing new oil and gas supplies on the market has become increasingly vital. Companies such as African-focused British-based independent energy company Savannah Energy Plc (“Savannah”) are spearheading efforts to unlock the full potential of Africa’s hydrocarbons, alongside utility-scale renewable energy projects across the continent, and are set to play a much larger role as African countries invite new investment into the energy sector. Savannah has joined the African Energy Week (AEW) 2023 conference - taking place from 16–20 October in Cape Town – as a Bronze Sponsor, and will leverage the platform’s
Read more