One of the crucial challenges facing the Democratic Republic of Congo is improving the business climate. During the recent meeting of the Council of Ministers at the City of the African Union, President Félix Tshisekedi highlighted the importance of this issue and expressed his determination to implement significant reforms to meet the expectations of economic operators. .
Although progress has been made in the past, the results indicate a low rate of implementation of reforms, highlighting the need for more determined action to create a business-friendly environment. The publication of the first National Business Climate Barometer (BNCA) revealed a satisfaction rate of 37%, marking the beginning of improvement but also signaling the road that remains to be covered.
The BNCA’s findings highlight several key sectors requiring reforms, including taxation, legal certainty, public procurement management and quality of administration. It is crucial to address these issues to promote economic growth and encourage investment in the country.
The role of the government is essential in implementing these reforms. The President charged the Prime Minister to collaborate with the relevant ministries to achieve the set objectives. It is imperative to develop a multi-year strategic plan and put in place a monitoring and evaluation mechanism to ensure the effective implementation of reforms.
Ultimately, improving the business climate in the DRC is a complex but necessary undertaking to stimulate economic growth and support the country’s development. By tackling the identified challenges and implementing pragmatic reforms, the DRC can hope to create a more favorable and attractive business environment for national and international investors.
In the current economic landscape, political commitment and the effective implementation of reforms will play a determining role in transforming the business climate into an engine of sustainable and inclusive growth for the Democratic Republic of Congo.