Development Program for 145 Regions: The Economic Situation Commission announces payment of funds for the implementation of the program

At a weekly meeting of the Economic Situation Commission (CCE) chaired by the Prime Minister on Wednesday, March 16, 2022, Head of Government Jean-Michel SamaLukonde Kyenge examined three files. These include the implementation of development programs at 145 territorial bases, the impact of the war in Ukraine on the Congolese economy, and notes on the economic situation.

Initial payments have already been made for the implementation of the development program at 145 regional locations, and it has finally become clear that work can begin on-site.

“We also looked back on the implementation of the program in 145 regions. The Deputy Minister of Finance notified that the payment phase was over. The first payment was to allow the agency to start working on the land. It was actually done. “The Minister of State and the Minister of Planning declared without revealing the amount paid.

Regarding the war in Ukraine, the Economic Situation Commission noted pressure on the prices of commodities on the market in the Democratic Republic of the Congo. Christian Mwand has revealed that Prime Minister Jean-Michel Samalconde has given clear instructions to the minister on this issue.

“We discussed the issue of the impact of the war between Russia and Ukraine on the international economy, especially the Congolese economy. Certainly there is pressure on domestic prices, especially raw materials. If necessary, the price of oil that will affect it, therefore the Prime Minister. Instructed CCE members and ministers of all departments of the government to be able to tell him what they think would affect their respective departments. We have significantly accelerated prices and of the people. It’s about buying power. CCE also reflects on mitigation measures, “emphasized Christian Mwand Nsimba.

The Minister of State, Minister of Planning and Christian Mwand Nsimba finally pointed out that the macroeconomic framework remains stable.

“We also considered other economic parameters, especially the exchange rate, which is relatively stable at about 2000 Congolese francs at the official rate of US $ 1 and about 2036 Congolese francs in the parallel market. The exchange rate is relatively stable. About US $ 2.8 billion, which is equivalent to 10.5 weeks of imports. “

Last week, the Government of the Republic signed a memorandum of understanding with three agencies on the realization of 145 territory-based development projects. These are the United Nations Development Program (UNDP), the Central Coordinating Board (BCECO), and the Funding Implementation Unit (CFEF) for vulnerable countries.

According to the Memorandum of Understanding, these three institutions are also responsible for the entire procurement process. There are internal and external audits organized. These three agencies have divided and worked on 145 territories of the Democratic Republic of the Congo, but their nature is unknown at this time.

The total cost of this program is estimated to be over US $ 1 billion. The source of funding is primarily the government, with the exception of partners. Last January, the government announced that US $ 450 million was already available to start the project.

Clement Moambe