The Government of the Democratic Republic of Congo (DRC) continues to take actions to strengthen its economy. Recently, the Ministry of Finance organized an auction of Treasury bills in dollars from October 10, 2023. This operation made it possible to mobilize a total amount of 37.112 million dollars.
During this auction session, three bidders responded to the offer, which represented a coverage rate of 46.39%. The amount put up for tender was $80 million. Despite an interest rate maintained at 11%, the Congolese Government was able to obtain the necessary funds to support its economic policy.
Indexed Treasury Bills and Indexed Treasury Bonds play a crucial role in mobilizing public revenue in favor of the Congolese Government. In a context of falling prices for mining products, it is essential to find additional means to finance government initiatives.
This auction of Treasury bills shows investors’ confidence in the Congolese economy. Despite the economic challenges facing the country, the Government remains committed to promoting growth and development.
It is important to emphasize that Indexed Treasury Bills and Indexed Treasury Bonds are issued in Congolese Franc and are negotiable on the financial market. They make it possible to meet the Government’s short and long-term financing needs.
This auction of Treasury bills in dollars constitutes an important step in mobilizing the financial resources necessary for the development of the DRC. By encouraging investments and strengthening the confidence of economic actors, the country can hope for stronger economic growth and an improvement in the financial situation.
The Congolese Government remains committed to its economic policy and will continue to explore other options to mobilize funds and support the country’s development. Indexed Treasury Bills and Indexed Treasury Bonds remain essential tools to achieve this objective.