The Prime Minister, Jean-Michel Sama Lukonde, recently chaired an important meeting of the Economic Situation Committee. The main objective of this meeting was to discuss the measures taken in September 2023 to support the Congolese franc and maintain the stability of the exchange rate. We learn that representatives of the Congo Business Federation (FEC) were also present.
According to the Minister of Budget, Aimé Boji, who reported the discussions of the meeting, emphasis was placed on the importance of implementing all measures to support the Congolese franc. Urgent actions have been identified, such as encouraging consumers to use the Congolese franc as their main currency, in particular by facilitating the use of payment terminals in businesses.
The fight against customs fraud and the need to formalize the Congolese economy dominated by the informal sector were also discussed during the meeting. It is clear that the government recognizes the importance of working closely with the FEC to address these major economic challenges.
Furthermore, the Economic Situation Committee noted relative stability in the exchange rate, with a slight appreciation of the Congolese franc compared to the American dollar. Foreign exchange reserves also increased slightly, exceeding US$5 billion.
In terms of the evolution of macroeconomic indicators, it is interesting to note that international trade experienced a contraction in 2023, mainly due to weak demand in developed countries and limited trade between some countries. This international analysis highlights the importance for the DRC of maintaining a stable and diversified economy.
In conclusion, the meeting of the Economic Situation Committee under the chairmanship of the Prime Minister marks a strong commitment from the Congolese government to work together with economic actors to ensure the financial stability of the country and promote an environment conducive to economic growth.