2023-07-15
Finance Minister Nicolas Kazadi recently chaired the political troika meeting in the Democratic Republic of Congo. The objective of this meeting was to review the macroeconomic situation of the country, which remains relatively stable despite the challenges related to the foreign exchange market and goods and services.
In preparation for the 5th review of the program with the IMF under the Extended Credit Agreement, the meeting assessed the benchmarks and commitments made with the IMF, as well as the situation of public finances at the end of the year 2023 and the exchange rate.
Minister Kazadi instructed experts from Finance and the Central Bank of Congo to work on concrete measures to stabilize the exchange rate. This decision follows the overheating observed on the foreign exchange market and the need to preserve the country’s economic stability.
The presence of the Deputy Prime Minister of Economy, Vital Kamerhe, and the Deputy Prime Minister of Civil Service, Jean-Pierre Lihau Ebua, reinforced the importance of this meeting and the government’s commitment to take measures appropriate to maintain economic stability.
The macroeconomic situation of the DRC is essential for the development of the country and the improvement of the well-being of the population. By working in collaboration with the IMF and putting in place adequate measures to stabilize the exchange rate, the government is demonstrating its determination to face the current economic challenges.
The political troika is an essential instrument of governance that allows ministers to meet and make strategic decisions for the future of the DRC. By assessing the economic situation and proposing concrete solutions, this meeting helps to strengthen investor confidence and promote the country’s economic growth.
Macroeconomic stability remains a major challenge for the Democratic Republic of Congo. By taking appropriate measures and working closely with international partners, the Congolese government is showing its determination to guarantee the economic prosperity and sustainable development of the country