The Democratic Republic of Congo aims to mobilize significant revenues from the local financial market during the 2024 fiscal year. According to a press release from the Ministry of Finance, the Congolese government plans to issue indexed Treasury Bills and Treasury Bonds indexed with the aim of collecting approximately 881.4 billion Congolese francs (or nearly 340 million US dollars).
These exceptional revenues, classified as such under the Finance Law for the 2024 financial year, will come from Treasury bonds that the government plans to issue throughout the year. Treasury Bills are debt securities issued by the State and repayable at maturity. In the Democratic Republic of Congo, it is the government that issues these securities through the Public Treasury. Purchasing a Treasury Bond amounts to lending money to the government, which makes the buyer a creditor. As a result, these securities, 100% guaranteed by the issuing government, are considered one of the safest investments on the money market.
This initiative by the Congolese government demonstrates its desire to diversify its sources of financing and to mobilize resources to finance the country’s needs. By issuing Treasury Bills and Indexed Treasury Bonds, the government hopes to attract investors and raise the funds needed to support the economic and financial development of the nation.
These exceptional revenues will also help strengthen investor confidence in the local financial market and promote the country’s economic stability. By mobilizing significant financial resources, the government will be able to implement infrastructure projects, social initiatives and development programs that will benefit the entire Congolese population.
In conclusion, the issuance of indexed Treasury Bills and Indexed Treasury Bonds by the Congolese government is an initiative aimed at mobilizing substantial revenues on the local financial market. This approach will make it possible to diversify sources of financing, strengthen economic stability and support the development of the country. By attracting investors, the government will be able to finance infrastructure projects and development programs for the benefit of the Congolese population as a whole.