Indexed Treasury Bills and Indexed Treasury Bonds: a solution for mobilizing public revenue in the DRC
The government of the Democratic Republic of Congo (DRC) recently launched an auction of Treasury bills in dollars, with the aim of mobilizing funds to support its projects and initiatives. During this operation, a total amount of $37.112 million was obtained, from three bidders.
This auction, which concerns Treasury bills with a maturity of six months, was carried out successfully, with a coverage rate of 46.39% of the amount put up for auction. The Congolese government has maintained the interest rate at 11%, thus guaranteeing an attractive return for investors.
Indexed Treasury Bills and Indexed Treasury Bonds play a crucial role in mobilizing public revenue in the DRC. Faced with falling prices for mining products, the government is turning to these financial instruments to obtain the resources necessary to implement its policy.
It should be noted that Indexed Treasury Bills are short-term securities negotiable in Congolese francs, indexed to the exchange rate between the US dollar and the Congolese franc, with a maturity of less than or equal to 12 months. Indexed Treasury Bonds, for their part, are medium and long-term securities negotiable in Congolese francs, indexed to the exchange rate.
This financing strategy allows the government to benefit from greater flexibility in managing its cash flow, while attracting investors through attractive returns. In addition, this diversification of financing sources helps to strengthen the confidence of economic and financial partners in the DRC.
In conclusion, Indexed Treasury Bills and Indexed Treasury Bonds are essential tools for mobilizing public revenue in the DRC. By using these financial instruments, the government can obtain the necessary funds to support its development projects, while providing attractive opportunities for investors.