October 2024 saw an important diplomatic scene unfold in Washington with the participation of the Minister of Finance of the Democratic Republic of Congo, Doudou Fwamba Likunde Li-botayi. Indeed, on Friday, October 25, he took part in the conference entitled “The Road to Investment, Peace, and Security in the DRC”, organized by the Africa Center of the Atlantic Council as part of the 2024 annual meetings of the International Monetary Fund (IMF) and the World Bank.
During this conference, Doudou Fwamba took the opportunity to present to international partners the investment opportunities in the Democratic Republic of Congo. This event was an opportunity for the Minister to emphasize the importance of peace and unity in Africa as essential levers to stimulate regional growth. He thus affirmed with determination that the DRC is standing tall and moving resolutely on the path to progress.
In his speech, the Minister also highlighted the significant economic progress made by his country, thus highlighting an aspect often obscured by economic crises and conflicts. He notably mentioned the progress made under the historic program with the IMF, marking a first for the DRC. In addition, he highlighted the reduction in inflation to 15% compared to an initial forecast of 23% for the year 2024, as well as the upward revision of economic growth, now projected between 5.4% and 6%. These positive economic indicators demonstrate effective coordination of economic policies under the leadership of President Félix-Antoine Tshisekedi.
Furthermore, the Minister of Finance stressed the importance of diversifying the Congolese economy by investing in key sectors such as infrastructure, agriculture, electricity, health and education. He also recalled the DRC’s commitment to the fight against global warming, as the world’s second largest forest lung. This environmental dimension is crucial for the country and for the planet as a whole.
In conclusion, the participation of Minister of Finance Doudou Fwamba Likunde Li-botayi in the conference “The Road to Investment, Peace, and Security in the DRC” in Washington was an opportunity to present a dynamic and promising face of the Democratic Republic of Congo on the international scene. The encouraging economic prospects and efforts in sustainable development position the country as a key player in the region and at the global level.