In this month of November 2024, the Congolese political scene is coming alive at the Palais du Peuple with the presentation of seven ratification bills by the Minister of Finance Doudou Fwamba. These projects aim to strengthen the mobilization of domestic public revenues and to finance development projects in key sectors such as infrastructure, health and agriculture, for the well-being of the Congolese population, in response to the six commitments of President Félix Tshisekedi.
During the plenary session, the President of the National Assembly, Vital Kamerhe, decided to send these projects to the Joint Commission on External Relations and Economic and Financial Affairs for in-depth examination. The commission was given five days to present its report, thus highlighting the importance given to these crucial texts.
Among the bills presented, two stand out for their multilateral aspect concerning taxation and the fight against base erosion and profit shifting. These instruments aim to counter the aggressive tax planning strategies used by multinationals, thereby ensuring increased mobilization of domestic tax revenues and strengthening financial transparency, particularly in the extractive sector.
On the other hand, ratification projects linked to external resources were presented, such as the project to support governance and skills development, as well as the one focused on the development of value chains. These projects, financed to the tune of millions of dollars, are intended to support agricultural transformation, promote youth entrepreneurship in Agro Business and reduce the incidence of food insecurity.
In a context where Congo is striving to consolidate its economic and social development, these ratification projects are of capital importance to realize the country’s ambitions in terms of sustainable growth and the well-being of its population. The parliamentary debate that will follow will allow for a deeper understanding of these issues and will guide the decisions to be taken for a prosperous future for all Congolese.