Title: The Congolese government adopts an innovative mechanism to ensure fuel supplies
Introduction :
The government of the Democratic Republic of Congo recently made a crucial decision to ensure a stable fuel supply in the country. Indeed, in order to avoid any disruption in supply, the government approved a draft interministerial decree aimed at establishing innovative mechanisms to mobilize funds intended to compensate for the losses and shortfalls of oil companies. This decision responds to significant demand from the population, who fear a fuel supply crisis, particularly during the end-of-year holiday period.
A project studied in collaboration:
The implementation of this draft interministerial decree was the result of close collaboration between commercial banks, oil companies and international financial institutions. Deputy Prime Minister and Minister of Economy Vital Kamerhe presented the project at the 118th meeting of the Council of Ministers, highlighting its importance in maintaining the stability of the country’s fuel supply.
Terms of progressive repayment of debts:
The innovative mechanism proposed in the draft interministerial decree includes arrangements for the progressive repayment of debts owed to oil companies. Commercial banks will play an essential role in this process, participating in the repayment of amounts owed by oil companies. This measure will also relieve pressure on the Public Treasury.
A solution to keep prices stable:
In addition to the essential aspect of guaranteeing a regular supply of fuel, the Congolese government has also taken into account the impact of variations in the cost of oil on the purchasing power of consumers. Thus, the government covers a significant part of the cost of a liter of fuel in order to mitigate the repercussions of the surge in prices on the population. This measure also aims to keep prices stable for other products and services that could be affected by variations in fuel costs.
Conclusion :
The adoption of this innovative mechanism by the Congolese government constitutes a major step forward in ensuring a regular supply of fuel for the population. Working with commercial banks and oil companies, the government ensures the stability of fuel supplies while mitigating the impact of variations in the cost of oil on consumers’ purchasing power. This measure responds to the concerns of oil companies and helps maintain the economic stability of the country.