Are you looking for information on economic news in the Democratic Republic of Congo? The auction of indexed Treasury Bonds, which took place recently, made it possible to mobilize significant funds for the country’s public treasury.
During this financial operation, the Public Treasury of the DRC managed to raise approximately 31.08 billion Congolese Francs, the equivalent of 11.2 million dollars. The coverage rate for this auction amounted to 62.16%, with the participation of three bidders. The interest rate set for these indexed Treasury Bonds amounts to 28%, and the maturity of the operation is planned over a period of 6 months, ending on September 10, 2024.
At the same time, an auction of Treasury Bonds in US dollars also took place, making it possible to mobilize 58 million dollars out of the 50 million put up for auction.
These issues of Treasury Bills and indexed Treasury Bonds are essential for the Congolese government in order to compensate for the deficits in the mobilization of public revenues and to finance its economic policy.
The use of such operations demonstrates the desire of the DRC government to find innovative financial solutions to support the economic development of the country and ensure sound management of public funds.
If you want to know more about economic news from the DRC and the ins and outs of these financial operations, do not hesitate to follow our blog to stay informed of the latest news.
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Links to previous articles:
1. “The challenges of economic policy in the DRC”: [link]
2. “The challenges of managing public funds in Africa”: [link]