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Public finances: DRC approves reforms in order to obtain financing from the World Bank

29/08/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Les autorités de la République Démocratique du Congo (RDC) ont mis en place des réformes afin d' assainir les finances publiques et permettre au pays de faire appel à des bailleurs de fonds internationaux Like the& nbsp; World Bank

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The Congolese Ministry of Finance announced in a statement published on the Twitter platform a series of structural reforms aimed at consolidating public finances. These reforms, adopted by the Council of Ministers on Friday, August 23, 2024, are, according to the authorities, part of a process intended to obtain two budgetary supports from the Banque mondiale , each in the amount of 500 millions of dollars. They focus on the establishment of a single Treasury account, the digitalization of public procurement, the rationalization of the payroll as well as the automation of the Single Window. And also on the sanitation of the country's special economic zones, the strengthening of judicial security, the improvement of the governance of public enterprises, the “dynamization” of climate finance and the carbon market, as well as the consolidation of the finances of public companies responsible for the distribution of electricity and water, namely SNEL and REGIDESO. According to the ministry's press release, “these reforms, designed to strengthen transparency and efficiency in the management of public finances, will make it possible to mobilize the resources necessary for the country's economic development.”

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