The economic measures taken by the Congolese government to combat the depreciation of the Congolese franc have recently been the subject of a series of articles on the blog. Indeed, the overheating observed on the foreign exchange market and the devaluation of the currency required rapid and targeted action.
The Deputy Prime Minister, Minister of National Economy Vital Kamerhe presented at the 106th meeting of the Council of Ministers the measures taken to deal with this worrying situation. Among these measures, we note the establishment of special counters for the sale of foreign currency to importers of consumer goods, the acceleration of the local territorial development program and the diversification of the economy.
The Central Bank of Congo is also engaged in this fight by intervening vigorously in the foreign exchange market and by making foreign currencies available. It is planned to strengthen the control of foreign exchange transactions carried out by exchange offices, as well as the repatriation of foreign currency and consultation with operators in the mining sector.
At the same time, the government has adopted rigorous public financial management measures, limiting expenditure to priority and essential areas. In addition, the Public Treasury will immediately withhold VAT on payments from State suppliers and there will be automatic taxation of companies that have not made their tax declarations.
All these measures are aimed at stabilizing the exchange rate of the Congolese franc, strengthening the supply of infrastructure essential to production and promoting the diversification of the Congolese economy. This comprehensive approach, combining monetary, financial and fiscal actions, demonstrates the government’s determination to overcome the current economic challenges.
A recent blog post also highlights the importance of these measures for the country’s economic recovery. Indeed, by stabilizing the national currency and promoting an economic environment conducive to investment, the DRC creates opportunities for growth and development. This boosts investor confidence and paves the way for new economic opportunities.
These measures are therefore an important step towards consolidating the country’s economic stability and strengthening its position on the international scene. By taking concrete measures to combat the depreciation of the Congolese franc, the government is demonstrating its desire to put in place the necessary conditions for sustainable and inclusive growth.
In conclusion, the economic measures taken by the Congolese government to combat the depreciation of the Congolese franc testify to its determination to stabilize the national economy and stimulate growth.. By combining monetary, financial and fiscal actions, the government aims to create conditions conducive to economic recovery and attracting investment. These measures will thus help to strengthen the country’s position on the international scene and open up new prospects for development