The bank accounts of the Congo Entrepreneurship Guarantee Fund (FOGEC) are blocked on the instructions of the General Inspectorate of Finance (IGF), following accusations of mismanagement and unorthodox management practices. the part of the management committee of this public establishment.
This decision comes as part of the Congolese government’s efforts to promote transparency and good governance in the management of public funds. President Félix Tshisekedi has clearly expressed his desire to fight against illegal practices and undue advantages granted to agents of companies and public establishments.
The IGF has carried out several financial audit missions in companies and public establishments, highlighting cases of mismanagement and abuse of power. Following these findings, President Tshisekedi asked the supervisory authorities to take measures to guarantee compliance with the principles of good management.
The blocking of FOGEC accounts is a strong measure which aims to hold the agents of this establishment accountable and to demand reimbursement of sums collected unduly. This decision sends a clear signal to other public entities and highlights the government’s desire to put an end to illegal practices and promote transparent management of public funds.
The creation of FOGEC in 2020 demonstrates the importance given by the government to entrepreneurship and the financing of startups, MSMEs and Congolese artisans. Indeed, these economic actors play an essential role in the country’s economic growth, but are often faced with difficulties in accessing financing from banks. FOGEC’s mission is to guarantee access to adequate financing for these key players in the Congolese economy.
This case of blocking of FOGEC accounts highlights the need for rigorous management of public funds and the promotion of good governance practices in public structures. It also reflects the Congolese government’s commitment to fighting corruption and ensuring transparent and equitable use of the country’s financial resources.
It is essential that all public entities, including FOGEC, are subject to rigorous control mechanisms and transparent reporting. This will help restore citizen confidence in public institutions and foster an environment conducive to economic development and job creation.
In conclusion, the blocking of FOGEC accounts on the instruction of the IGF is an important measure in the fight against mismanagement and illegal practices in public establishments. This case highlights the Congolese government’s commitment to promoting transparency and good governance in the management of public funds.. It is crucial to continue strengthening control mechanisms and promoting responsible management practices to ensure sustainable economic development in the Democratic Republic of Congo.