Félix Tshisekedi: New RDC-FMI Program Renews Confidence in Financial Management
President Félix-Antoine Tshisekedi recently shared the economic progress made by the Democratic Republic of Congo with accredited diplomats. During a New Year’s ceremony on Saturday, January 18, 2025, he emphasized that the new program with the International Monetary Fund (IMF) reflects renewed international confidence in the rigorous and transparent management of public finances under his leadership.
Historic Agreement with IMF
In his address, President Tshisekedi highlighted the significant economic advancements in the country. He announced a groundbreaking agreement with the IMF, securing $2.9 billion to support ambitious economic and social reform programs. This agreement, bolstered by additional funding under the Resilience and Sustainability Facility, showcases international confidence in the country’s rigorous and transparent management.
These resources will fund priority projects in infrastructure, agriculture, energy, and social services while supporting structural reforms to diversify the economy, attract investments, and promote local resource transformation.
Combatting Illegal Resource Exploitation
President Tshisekedi also discussed efforts to combat the illegal exploitation of natural resources, particularly strategic minerals like coltan and gold, which fuel violence and benefit transnational criminal networks. In 2024, the country enhanced mineral traceability with international assistance and began discussions to implement transparency and certification mechanisms to ensure that the nation’s wealth directly benefits its people.
However, these initiatives require a comprehensive commitment to cut off funding sources for armed groups and enhance governance in the natural resources sector.
Becoming Ambassadors for RDC
President Tshisekedi called on diplomats to become ambassadors for the Democratic Republic of Congo in their respective countries and institutions, portraying a country undergoing transformative changes. He urged them to proudly represent a dynamic nation open to the world and determined to build a prosperous future.
In a bid to boost inclusive growth, diversify the economy, improve living conditions, and strengthen governance, the IMF’s Board of Directors approved a 38-month agreement under the Extended Credit Facility for $1,729 million and another 38-month agreement under the Resilience and Sustainability Facility for $1,038 million. These programs aim to empower the DRC to play a pivotal role in transitioning to a low-carbon global economy while enhancing its resilience to climate shocks.