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