Spotlight on the strategic meeting of the Political Troika chaired by Doudou Fwamba Likunde in August 2024
In this month of August 2024, a crucial meeting brought together the highest political and economic authorities of the Democratic Republic of Congo. Under the aegis of Doudou Fwamba Likunde, Minister of Finance, this session of the Political Troika was marked by the presence of the Vice-Minister of the Budget and the Governor of the Central Bank of Congo (BCC). The objective? To promote the stabilization of the country’s macroeconomic framework, a crucial mission in the current context.
Félicien Mulenda, Coordinator of the Technical Committee for Monitoring and Evaluation of Reforms (CTR), proudly highlighted the substantial progress made since Doudou Fwamba took office. The coordination of budgetary and monetary policies was at the heart of concerns, with a particular focus on controlling inflation and exchange rate stability. The results are promising, with a notable deceleration of inflation and a stabilization of exchange rates, essential factors for healthy economic growth.
The figures do not lie: economic indicators show significant improvements. The consumer price index increased slightly by 0.178%, while annual inflation stabilized at 15.25%, well below the 23.8% recorded at the end of December 2023. These data demonstrate effective management of inflationary pressures and a constantly improving economic situation.
In the area of public finances, Félicien Mulenda reported a positive balance sheet at the end of July, with Treasury accounts in surplus to cover all payment operations. Rigorous management of outstanding amounts was emphasized, with precise guidelines for their optimal management, in anticipation of the next mission of the International Monetary Fund scheduled for September 2024.
Particular attention was paid to the development of an inter-ministerial cash flow plan aimed at rationalizing current expenditure and ensuring efficient management of public funds until the end of the financial year. This meticulous preparation demonstrates the Government’s desire to consolidate the country’s economic foundations and ensure a stronger and more stable financial future.
In short, the meeting of the Political Troika chaired by Doudou Fwamba Likunde in August 2024 was an important milestone in the country’s economic management, marked by tangible progress and promising prospects for the future. This dynamic of work and commitment to economic stability paves the way for a prosperous future for the Democratic Republic of Congo.