International donors are strengthening their support for the Democratic Republic of Congo (DRC) by significantly increasing funding allocated to projects and programs in the country. According to newly released data, the cumulative total financing from major multilateral donors, such as the World Bank, African Development Bank, BADEA and IFAD, increased from $3 billion in 2020 to almost $9 billion. in 2023.
These encouraging figures were announced during a technical meeting in Kinshasa, chaired by the Deputy Minister of Finance, O’Neige N’Sele. This gradual increase in mobilized resources demonstrates the confidence these donors place in the DRC and its economic and social development.
The sectoral distribution of this funding reflects the priorities of the Congolese government: the social sector receives the largest share with 42.8%, followed by infrastructure (28%), agriculture (10%), governance (9 .1%), finance (5%) and multi-sector (5.3%). This distribution highlights the government’s commitment to improving the living conditions of the population by investing in education, health, infrastructure and other essential sectors.
It is also important to emphasize that nearly 60% of this funding is donations, thus demonstrating the generosity of donors towards the DRC. This high proportion of donations demonstrates their desire to help the country meet the socio-economic challenges it faces.
The Project and Program Monitoring Unit (CSPP), created by the Ministry of Finance to guarantee effective management of financial resources allocated to development projects and programs, plays a key role in this mobilization of external financing. By working in close collaboration with ministries, donors and beneficiaries, the CSPP ensures optimal allocation of resources to maximize the impact of projects and programs.
This significant increase in external funding shows that the DRC is attracting growing interest from the international community. This opens up new opportunities for the economic and social development of the country, but also highlights the importance of transparent and efficient management of these resources to take full advantage of them.
In conclusion, the joint efforts of the Congolese government and international donors make it possible to increase investments in the DRC and improve the living conditions of the population. This positive dynamic paves the way for a more promising future for the country, with development and growth opportunities that will address current socio-economic challenges.. The DRC must continue to strengthen its international partnerships and promote transparent and efficient use of resources to ensure sustainable and inclusive development for all.