Title: “The challenges of implementing external financing projects in the DRC: Towards innovative models for a concrete impact”
Introduction:
The Democratic Republic of Congo (DRC) today finds itself facing major challenges in ensuring the effective execution of projects benefiting from external financing. In this context, the Prime Minister, Jean-Michel Sama Lukonde, chaired a consultation meeting between the government and technical and financial partners to find innovative solutions. The objective is to reconcile economic growth, financing and real impact in the daily experience of the Congolese people.
A renovated framework for effective project management:
The Congolese government has put in place a renovated framework for effective management of public investment projects. Referring to Decree No. 23/18 of March 31, 2023, the Prime Minister highlighted the main rules for identifying, selecting and monitoring projects. This framework aims to ensure that external financing is adequately mobilized and allocated to national priorities essential for the sustainable development of the country.
The role of key actors in the implementation of projects:
The successful execution of external financing projects is based on shared responsibility between the Congolese government and financial partners. The Ministry of Planning ensures the alignment of project objectives with national development priorities. The Ministry of Finance is responsible for the mobilization and management of public resources and foreign aid. Sectoral ministries are responsible for the design and implementation of projects, in collaboration with other specialized public entities.
The need for innovative financing models:
Faced with the challenges encountered in the execution of external financing projects, the Prime Minister called on technical and financial partners to develop innovative models. The aim is to find financing approaches which promote sustainable economic growth and which have a concrete impact on the daily life of the Congolese population. These models must also allow more effective management of external financing, while guaranteeing compliance with the financial commitments made by the country.
Conclusion:
The DRC faces significant challenges in the execution of external financing projects. However, thanks to a renovated project management framework and the call for innovative financing models, it is possible to reconcile economic growth, financing and real impact for the Congolese people. It is therefore essential that the Congolese government and its partners work closely together to address these challenges and ensure effective implementation of development projects.