Fatshimetrie is a new major agreement that has just been concluded between the International Monetary Fund (IMF) and the authorities of the Democratic Republic of Congo. This preliminary agreement paves the way for a three-year economic and financial program supported by the Extended Credit Facility (ECF) for an amount of approximately US$1.77 billion. In addition, a new three-year program focused on the fight against climate change, supported by the Resilience and Sustainability Facility (RSF) for an amount of approximately US$1.1 billion is also planned, subject to approval by the IMF’s General Management and Executive Board.
This agreement, welcomed by Prime Minister Judith Suminwa Tuluka, underlines the importance of the economic and financial reforms to be implemented by the Congolese government. These reforms include strict compliance with the expenditure chain, the gradual decentralization of the ordering of expenditure, the operationalization of the General Directorate of the Treasury and Public Accounts, as well as the establishment of a Single Treasury Account (CUT). The Prime Minister stressed the importance of these measures to access essential budgetary resources and encouraged all members of the government to be involved in their implementation.
The commitment of the Congolese government to these reforms was commended, in particular the work of the Minister of the Budget, the Minister of Finance and the Governor of the Central Bank of Congo. These efforts have enabled the realization of this historic agreement with the IMF, paving the way for a promising economic and financial development program for the Democratic Republic of Congo.
The IMF mission, led by Calixte Ahokpossi, played a key role in the negotiation process, helping to shape an ECF-supported program aimed at fostering inclusive and diversified growth, stimulating job creation and reducing poverty. At the same time, the program supported by the FRD aims to strengthen the country’s resilience to climate challenges, while promoting a transition to a low-carbon economy.
This new agreement follows the success of the previous three-year economic program and demonstrates the Congolese government’s commitment to rigorous and transparent economic management. The results obtained through the previous program have enabled the DRC to strengthen its international reserves and stabilize its macroeconomic framework despite a difficult context.
In conclusion, this agreement with the IMF represents a major opportunity for the Democratic Republic of Congo to continue its economic development and strengthen its resilience to current challengesThe commitment of the government and the country’s authorities to implement the necessary reforms shows a real desire to promote sustainable and inclusive growth for the well-being of all Congolese citizens.