The Congolese Government borrows more than 7.7 million USD for the Central Bank of Congo
In a recent financial operation, the Government of the Democratic Republic of Congo (DRC) borrowed a total amount of 15.70 billion Congolese Francs (CDF), or more than 7.7 million USD, on the market local financial institution for indexed Treasury Bonds. This operation was carried out on behalf of the Central Bank of Congo (BCC) and has a maturity of three years.
According to the Ministry of Finance, bidders will be reimbursed no later than August 14, 2028. This is a securitization of the BCC’s debt to the Public Treasury. Indexed Treasury Bonds are debt securities issued by the Public Treasury of a State, repayable in the medium or long term, either by syndication or by auction. This issue allows the Public Treasury to pay its debts to the BCC at a given interest rate and for a specific period.
The securitization of the BCC’s debt to the Public Treasury allows the latter to sell its debts to individuals or companies, in order to remove these debts from its balance sheet. This operation can contribute to the consolidation of the financial statements of the Central Bank of Congo.
This new issue of Treasury Bonds in the DRC demonstrates the efforts of the Congolese Government to manage its debt and ensure the financial stability of the country. However, it is important to closely monitor the evolution of this operation and its consequences on the Congolese economy.