Fatshimetrie: Strategic meeting to maintain economic stability in 2024
The recent meeting of the Political Troika, led by the Minister of Finance, Doudou Fwamba Likunde, marked a vital step in efforts to control inflation and ensure economic growth in the year 2024. The participation of senior officials such as the Minister of State for Budget Aimé Boji Sangara and the Governor of the Central Bank of Congo, Marie-France Kabedi Malangu Mbuyi, testify to the importance given to the economic question in the country.
During this meeting, the analysis of macroeconomic indicators showed that the restrictive policies implemented by international Central Banks had a positive impact on controlling inflation. While the average inflation rate is projected at 3.5% globally, economic growth is expected to reach 3% in 2024. These figures, although encouraging, nevertheless imply the need to maintain close coordination between policies monetary and budgetary to consolidate this trend.
On the national level, discussions revealed a year-on-year inflation rate of around 21%, accompanied by a currency depreciation of around 6%. Faced with these challenges, measures have been proposed, including presidential directives such as non-payments at the counter of the Central Bank of Congo. These decisions aim to stabilize the local economy and preserve the purchasing power of citizens.
Among the additional measures adopted at the meeting are the resumption of meetings of the PTR Technical Committee and the alignment of the State Treasurer Plan with the liquidity levels of the banking market. In addition, a call for greater rigor and rationality in the management of public expenditure was launched, emphasizing the importance of maintaining a prudent and efficient approach in the management of financial resources.
In conclusion, the meeting of the Political Troika laid the foundations for a concerted strategy aimed at controlling inflationary pressures on the market and promoting stable economic growth. The teams responsible for implementing these measures have received clear instructions to act with vigilance and determination. These initiatives, combined with continued cooperation between the country’s different economic institutions, should help consolidate financial stability and create a climate conducive to sustainable economic development.