The Government of the Democratic Republic of Congo (DRC) has just reached a significant financial milestone by successfully raising $50 million on the government securities market, surpassing the initial target of $45 million. This auction, which took place on December 17, 2024, generated significant enthusiasm among investors, as evidenced by the total bids reaching $94.05 million. These figures, revealed in the weekly economic outlook note of the Central Bank of Congo (BCC) dated December 24, 2024, illustrate a sustained interest in government securities issued by the DRC.
Over the entire year, repayments of matured securities reached the sum of 1,433.5 billion Congolese Francs (CDF) as of December 18, 2024. Currently, the total outstanding amount of government securities in the country stands at 3,342.5 billion Congolese Francs (CDF), including $1,028.7 million in dollar-denominated bonds. This operation is part of a broader strategy by the Government to strengthen public financing to meet growing economic challenges.
The funds raised through this auction will be allocated to structuring projects aimed at supporting the country’s socio-economic development. With an interest rate set at 9% per year and a maturity of six months, these Treasury Bills offer attractive opportunities for investors. The results of this operation demonstrate renewed confidence in the financial management of the Congolese Government, which is essential to ensure economic stability and promote sustainable growth.
This success also demonstrates the importance of collaboration between financial actors and investors to support the national economy. The Congolese authorities remain optimistic about the continued participation of banks and investors, which should help consolidate the country’s economy and promote harmonious development in the long term.
In conclusion, the successful issuance of these public securities demonstrates the strategic vision of the Congolese government to strengthen the country’s financial base and stimulate its economic growth. This approach demonstrates responsible management of public resources and openness to investors, key elements to ensure a prosperous future for the Democratic Republic of Congo.