The Central Bank of Congo (BCC) is engaged in a process of modernizing its accounting by complying with international standards, thus emphasizing transparency. This ambitious reform aims to modernize the activities of the BCC and align its processes and approaches with international standards.
During a press briefing in Kinshasa, the governor of the BCC, Marie-France Malangu Kabedi Mbuyi, declared that this move towards international accounting was an important step in the transformation of the bank. She stressed that transparency was at the heart of this reform, and that the International Monetary Fund (IMF) supported the BCC in its implementation.
The governor also specified that the BCC had requested technical assistance and training from development partners in the Democratic Republic of Congo (DRC), and that the IMF and other partners had responded positively to this request. This technical assistance will allow the BCC to benefit from the expertise of IMF experts and to implement the necessary reforms in the three dimensions of its activities: as a regulator and supervisor of the financial sector, as an Institute of broadcast, and as a business.
The modernization of the BCC and its transition to international standards is not limited to accounting. The governor mentioned that the IMF also supports the BCC in other areas such as monetary policy, foreign exchange policy and the implementation of appropriate activities and instruments.
Regarding the state of the foreign exchange market, the governor stressed that indicators analyzed by the BCC showed an absence of pressure both on the market for goods and services and on the foreign exchange market. She also noted that there was overall stability in inflation and the exchange rate, with minimal fluctuations.
The modernization of the BCC and its compliance with international standards are crucial steps to strengthen transparency and promote confidence in the Congolese financial system. Thanks to technical support from the IMF and development partners, the BCC is on the way to becoming a solid and transparent financial institution, ready to play a key role in the economic development of the DRC.
This process of modernizing the BCC will also help attract more foreign investment and strengthen the country’s economic reputation. By complying with international standards, the BCC contributes to the establishment of a stable and reliable financial environment in the DRC, thus creating conditions conducive to economic growth and prosperity for all Congolese.