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Fyi, fwiw, Re:- 43rd Council of Ministers meeting held on Friday March 4, 2022
Financing of the 146 territories development project: towards a new agreement DRC - IMF
The project for the development of the 146 territories of the Democratic Republic of Congo was among the points debated at the 43rd Council of Ministers, held on Friday March 4, 2022 and chaired by the Head of State, Félix Tshisekedi, by videoconference.
According to the minutes of this meeting, made by the Minister of Information and the Media, government spokesperson, Patrick Muyaya, the President of the Republic, on this subject, recalled the need for the national executive to satisfy the second review of the Program with the International Monetary Fund (IMF) which will take place next April.
Patrick Muyaya indicated that the satisfaction of the IMF, at the end of this 2nd review, will allow the DRC to obtain the disbursement, next June, of a second SDR drawing, for additional financing in favor of the optimal implementation of the local development plan for the country's 146 territories.
To capitalize on the chances of the DRC faced with this opportunity, the Prime Minister, Sama Lukonde, and the Minister of Finance, Nicolas Kazadi, were called upon to speed up, through the executing agencies, the execution of the works, with a view to maximizing resource absorption rates of the first SDR tranche of US$300 million.
In addition to the financing of the development of the territories, the meeting chaired Friday by the Head of State, was also an opportunity for him to examine the state of progress of the preparations for the participation of the DRC in the exhibition of Dubai 2022, where the DRC will be honored on March 22, 2022, in order to attract potential investors.
In addition, the deterioration of the situation in Ukraine, following the invasion of this country by the Russian army was invited to the debate of the 43rd Council of Ministers.
In this regard, the Congolese government expressed concern about the fate of Congolese living in Ukraine.
According to the Deputy Prime Minister and Minister of Foreign Affairs, Christophe Lutundula Apala, nearly 533 Congolese, mainly students, managed to reach Poland, where a temporary stay of 30 days is granted to them, pending their evacuation.
Financing of the 146 territories development project: towards a new agreement DRC - IMF
The project for the development of the 146 territories of the Democratic Republic of Congo was among the points debated at the 43rd Council of Ministers, held on Friday March 4, 2022 and chaired by the Head of State, Félix Tshisekedi, by videoconference.
According to the minutes of this meeting, made by the Minister of Information and the Media, government spokesperson, Patrick Muyaya, the President of the Republic, on this subject, recalled the need for the national executive to satisfy the second review of the Program with the International Monetary Fund (IMF) which will take place next April.
Patrick Muyaya indicated that the satisfaction of the IMF, at the end of this 2nd review, will allow the DRC to obtain the disbursement, next June, of a second SDR drawing, for additional financing in favor of the optimal implementation of the local development plan for the country's 146 territories.
To capitalize on the chances of the DRC faced with this opportunity, the Prime Minister, Sama Lukonde, and the Minister of Finance, Nicolas Kazadi, were called upon to speed up, through the executing agencies, the execution of the works, with a view to maximizing resource absorption rates of the first SDR tranche of US$300 million.
In addition to the financing of the development of the territories, the meeting chaired Friday by the Head of State, was also an opportunity for him to examine the state of progress of the preparations for the participation of the DRC in the exhibition of Dubai 2022, where the DRC will be honored on March 22, 2022, in order to attract potential investors.
In addition, the deterioration of the situation in Ukraine, following the invasion of this country by the Russian army was invited to the debate of the 43rd Council of Ministers.
In this regard, the Congolese government expressed concern about the fate of Congolese living in Ukraine.
According to the Deputy Prime Minister and Minister of Foreign Affairs, Christophe Lutundula Apala, nearly 533 Congolese, mainly students, managed to reach Poland, where a temporary stay of 30 days is granted to them, pending their evacuation.