News: Meeting of the political troika chaired by Nicolas Kazadi
On July 13, 2023, Finance Minister Nicolas Kazadi chaired a meeting of the political troika. This meeting reviewed the macroeconomic situation of the Democratic Republic of Congo (DRC) and discussed topics such as overheating in the foreign exchange market and that of goods and services.
The meeting, which prepares the 5th review of the program with the International Monetary Fund (IMF) under the Extended Credit Agreement, assessed compliance with benchmarks and other commitments with the IMF, as well as the situation of public finances at the end of 2023 and the exchange rate.
In the presence of the Deputy Prime Minister of the Economy, Vital Kamerhe, and the Deputy Prime Minister of the Public Service, Jean-Pierre Lihau Ebua, Nicolas Kazadi gave instructions to the experts of Finance and the Central Bank of Congo to that they propose concrete measures to stabilize the exchange rate.
This meeting is of paramount importance in the economic management of the country, as the DRC seeks to maintain its macroeconomic stability despite the challenges encountered in the financial markets. The desire to find concrete solutions demonstrates the government’s commitment to implementing effective measures to ensure sustainable economic growth.
The meeting of the political troika chaired by Nicolas Kazadi highlights the importance given to collaboration between the various government bodies with the aim of improving the country’s economic situation. The implementation of exchange rate stabilization measures is essential to encourage investment and stimulate economic growth in the DRC.
In conclusion, the meeting of the political troika chaired by Nicolas Kazadi marks a crucial step in the search for solutions to maintain macroeconomic stability in the DRC. The concrete measures that will be proposed to stabilize the exchange rate show the government’s desire to guarantee an economic environment conducive to growth and investment.