AVZ Discussion 2022
- Thread starter GazDix
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Carlos Danger
Top 20
I got my access revoked after repeatedly calling the mods there a bunch of corrupt disgusting pieces of shit
Frank
Top 20
New loan of $280 million to finance the budget deficit
The government of the Democratic Republic of Congo intends to raise 660 billion CDF, or 280 million USD thanks to the indexed treasury bill and indexed Treasury Bonds during the second quarter of 2023.
According to a press release from the Ministry of Finance, these loans will begin in April with an amount of 320 billion FC ($158.3 million), for the month of May the volume is 200 billion FC ($100 million). and for the month of June 140 billion FC ($70 million) at the parallel rate of April 24, 2023.
The decision comes to compensate for the weakness of revenue mobilization by the financial authorities.
This treasury bill initiative was launched in October 2019 to diversify its sources of financing and deal with the Government's still high public expenditure.
(Re) read – DRC: The Minister of Finance wants to borrow $70 million to pay for state emergencies
According to the Central Bank of Congo, on an annual basis, as of April 14, 2023, the balance of financial operations of the State shows a deficit of CDF 711.0 billion ($351.8 million), resulting from a level of revenue of 3 794.0 billion CDF ($1.8 billion) and that of expenditure of 4,505.1 billion ($2.2 billion).
The April-June 2023 Budget Commitment Plan indicates that public expenditure will be executed to the tune of $3 billion.
It is necessary for the government to activate this emergency plan to avoid payment default.
In its April 2023 edition, Africa's Pulse notes that economic growth in sub-Saharan Africa is expected to be dragged down by uncertainty in the global economy, the underperformance of the continent's largest economies, high inflation and a significant decline in investment growth insufficient to reduce extreme poverty.
“Economic growth in sub-Saharan Africa is expected to slow from 3.6% in 2022 to 3.1% in 2023.
Although inflation appears to have peaked last year, it is expected to remain elevated at 7.5% in 2023,” the report said.
Indeed, several governments in the region are facing increased debt payments and liquidity problems, linked to expensive borrowing and the appreciation of the US dollar.
Risks of debt distress remain high, with 22 countries in the region at high risk of external debt distress or in debt distress as of December 2022.
Adverse global financial conditions have increased borrowing costs and debt servicing costs in Africa, diverting money from much-needed development investments and threatening macro-fiscal stability.
In addition, the report states, the economic performance of sub-Saharan Africa is not uniform from one subregion to another.
Growth in real gross domestic product (GDP) in the West and Central Africa (AFW) sub-region is estimated at 3.4% in 2023 against 3.7% in 2022, while that of the sub-region Eastern and Southern Africa (ESA) is estimated at 3.0% in 2023, compared to 3.5% in 2022.
However, in the face of darkening growth prospects and rising debt levels, Africa's Pulse recommends that African governments focus more on macroeconomic stability, domestic revenue mobilization, debt reduction and increase in productive investments.
In times of energy transition and increasing demand for metals and minerals, Africa's Pulse reports, resource-rich governments have an opportunity to better leverage natural resources to finance their public programs, diversify their economies and expanding access to energy.
mediacongo
*To Remind
The government of the Democratic Republic of Congo intends to raise 660 billion CDF, or 280 million USD thanks to the indexed treasury bill and indexed Treasury Bonds during the second quarter of 2023.
According to a press release from the Ministry of Finance, these loans will begin in April with an amount of 320 billion FC ($158.3 million), for the month of May the volume is 200 billion FC ($100 million). and for the month of June 140 billion FC ($70 million) at the parallel rate of April 24, 2023.
The decision comes to compensate for the weakness of revenue mobilization by the financial authorities.
This treasury bill initiative was launched in October 2019 to diversify its sources of financing and deal with the Government's still high public expenditure.
(Re) read – DRC: The Minister of Finance wants to borrow $70 million to pay for state emergencies
According to the Central Bank of Congo, on an annual basis, as of April 14, 2023, the balance of financial operations of the State shows a deficit of CDF 711.0 billion ($351.8 million), resulting from a level of revenue of 3 794.0 billion CDF ($1.8 billion) and that of expenditure of 4,505.1 billion ($2.2 billion).
The April-June 2023 Budget Commitment Plan indicates that public expenditure will be executed to the tune of $3 billion.
It is necessary for the government to activate this emergency plan to avoid payment default.
In its April 2023 edition, Africa's Pulse notes that economic growth in sub-Saharan Africa is expected to be dragged down by uncertainty in the global economy, the underperformance of the continent's largest economies, high inflation and a significant decline in investment growth insufficient to reduce extreme poverty.
“Economic growth in sub-Saharan Africa is expected to slow from 3.6% in 2022 to 3.1% in 2023.
Although inflation appears to have peaked last year, it is expected to remain elevated at 7.5% in 2023,” the report said.
Indeed, several governments in the region are facing increased debt payments and liquidity problems, linked to expensive borrowing and the appreciation of the US dollar.
Risks of debt distress remain high, with 22 countries in the region at high risk of external debt distress or in debt distress as of December 2022.
Adverse global financial conditions have increased borrowing costs and debt servicing costs in Africa, diverting money from much-needed development investments and threatening macro-fiscal stability.
In addition, the report states, the economic performance of sub-Saharan Africa is not uniform from one subregion to another.
Growth in real gross domestic product (GDP) in the West and Central Africa (AFW) sub-region is estimated at 3.4% in 2023 against 3.7% in 2022, while that of the sub-region Eastern and Southern Africa (ESA) is estimated at 3.0% in 2023, compared to 3.5% in 2022.
However, in the face of darkening growth prospects and rising debt levels, Africa's Pulse recommends that African governments focus more on macroeconomic stability, domestic revenue mobilization, debt reduction and increase in productive investments.
In times of energy transition and increasing demand for metals and minerals, Africa's Pulse reports, resource-rich governments have an opportunity to better leverage natural resources to finance their public programs, diversify their economies and expanding access to energy.
mediacongo
*To Remind
RHyNO
Regular
To pay for state emergency! Hate to be a first testament asshole but if any pack of animals are getting flooded it’s these corrupt lying dogs! God will judge these fools for their lies and ignorance and we will stand around saying we built you an arc, you didn’t want it!New loan of $280 million to finance the budget deficit
The government of the Democratic Republic of Congo intends to raise 660 billion CDF, or 280 million USD thanks to the indexed treasury bill and indexed Treasury Bonds during the second quarter of 2023.
According to a press release from the Ministry of Finance, these loans will begin in April with an amount of 320 billion FC ($158.3 million), for the month of May the volume is 200 billion FC ($100 million). and for the month of June 140 billion FC ($70 million) at the parallel rate of April 24, 2023.
The decision comes to compensate for the weakness of revenue mobilization by the financial authorities.
This treasury bill initiative was launched in October 2019 to diversify its sources of financing and deal with the Government's still high public expenditure.
(Re) read – DRC: The Minister of Finance wants to borrow $70 million to pay for state emergencies
According to the Central Bank of Congo, on an annual basis, as of April 14, 2023, the balance of financial operations of the State shows a deficit of CDF 711.0 billion ($351.8 million), resulting from a level of revenue of 3 794.0 billion CDF ($1.8 billion) and that of expenditure of 4,505.1 billion ($2.2 billion).
The April-June 2023 Budget Commitment Plan indicates that public expenditure will be executed to the tune of $3 billion.
It is necessary for the government to activate this emergency plan to avoid payment default.
In its April 2023 edition, Africa's Pulse notes that economic growth in sub-Saharan Africa is expected to be dragged down by uncertainty in the global economy, the underperformance of the continent's largest economies, high inflation and a significant decline in investment growth insufficient to reduce extreme poverty.
“Economic growth in sub-Saharan Africa is expected to slow from 3.6% in 2022 to 3.1% in 2023.
Although inflation appears to have peaked last year, it is expected to remain elevated at 7.5% in 2023,” the report said.
Indeed, several governments in the region are facing increased debt payments and liquidity problems, linked to expensive borrowing and the appreciation of the US dollar.
Risks of debt distress remain high, with 22 countries in the region at high risk of external debt distress or in debt distress as of December 2022.
Adverse global financial conditions have increased borrowing costs and debt servicing costs in Africa, diverting money from much-needed development investments and threatening macro-fiscal stability.
In addition, the report states, the economic performance of sub-Saharan Africa is not uniform from one subregion to another.
Growth in real gross domestic product (GDP) in the West and Central Africa (AFW) sub-region is estimated at 3.4% in 2023 against 3.7% in 2022, while that of the sub-region Eastern and Southern Africa (ESA) is estimated at 3.0% in 2023, compared to 3.5% in 2022.
However, in the face of darkening growth prospects and rising debt levels, Africa's Pulse recommends that African governments focus more on macroeconomic stability, domestic revenue mobilization, debt reduction and increase in productive investments.
In times of energy transition and increasing demand for metals and minerals, Africa's Pulse reports, resource-rich governments have an opportunity to better leverage natural resources to finance their public programs, diversify their economies and expanding access to energy.
mediacongo
*To Remind
View attachment 35362
Mining News Magazine
@MiningNewsMag
The technical services of the Ministry of Energy and Hydraulic Resources do not recognize a certain contract between the State and a Zijin company or another Feasibility Study approved to rehabilitate MPiana Mwanga I and II apart from the commitments and EF with #AVZPower
2:16 PM · Apr 30, 2023
·
Lucas Don Velor
Regular
Tendoji posts sporadically, garnering polarising attention...
There is much speculation as to their identity or currently lack there of...
Tendoji's latest HC post, although speculative, does line up with the statistically probable imo, which begs the question of the 'Gauntlet' statement...does it have merit?? Deboss plates?? Twiggy?? USA???
Tendoji's second last post was the 17Jan23 to AV1 about AVZ...an honest mistake??? Not sure!
Sorry about the coyness of this post, however it seems we have enemies everywhere!
The Fox
Regular
No sure Jonnno has the same sense of humour as I do, he seems pretty serious and so he should be.
Flashback to an old post, seems Nigel is still battling nefarious enemies of all sorts on his Unexpected Journey.
In his path there seems to be lots of Trolls, Orcs, a few Dwarves, a Wizard (Marius) a President and even a Princess. (off with her head)
Good luck Nigel, I hope our little AVZ Hobbit will survive and overcome all the evil and corrupt players in the DRC and bring everyone and everything home safety.
Mining News Magazine
@MiningNewsMag
Total rehabilitation of the two Mpiana Mwanga power plants in Manono: an MoU exists between the DRC government and #AVZPower which led to a Feasibility Study carried out under the supervision of the Ministry of Energy and approved by the government.
2:01 PM · Apr 30, 2023
Frank
Top 20
Mining News Magazine
@MiningNewsMag
The technical services of the Ministry of Energy and Hydraulic Resources do not recognize a certain contract between the State and a Zijin company or another Feasibility Study approved to rehabilitate MPiana Mwanga I and II apart from the commitments and EF with #AVZPower
2:16 PM · Apr 30, 2023
·
*To add, Fuck waiting any longer for Felix to pull his Fat finger out
I'm Voting Jonnno for President
Frank
Top 20
Xerof
Have a Cigar 1975
Mining News Magazine
@MiningNewsMag
The technical services of the Ministry of Energy and Hydraulic Resources do not recognize a certain contract between the State and a Zijin company or another Feasibility Study approved to rehabilitate MPiana Mwanga I and II apart from the commitments and EF with #AVZPower
2:16 PM · Apr 30, 2023
·
So, what has provoked this statement from MEHR? Have they just taken down one of the roadblocks put up by Zijin - recall COMINIERE, in his mind, awarded the rehabilitation contract to Z, in a fit of paper bag swallowing against AVZ Power, saying COMINIERE owned the Station
I wonder if Z has turned up on site ready to rehabilitate? Wouldn't put it past them, they tend to trespass for their own benefit
Even FT has directed Ministers to hurry the fuck up with any project that creates jobs
Seems progress is being made on some fronts
Jonnno for President 2023
John25
Regular
Yep …its certainly our week …Party time …frocking up for our 1st AnniversaryGood morning Aussis…this week will be our week
Xerof
Have a Cigar 1975
John25
Regular
No ..sorry …doing it in even No’s ..its going to be a long haul…please forgive IF i have sinned
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