The IMF delegation has prepared a report for its Board of Directors, with a view to making recommendations for the future, particularly with regard to technical and financial assistance based on the work done in the field.
The President of the Republic, Félix Antoine Tshisekedi Tshilombo, had talks Tuesday at the Cité de la N’sele with a delegation of the International Monetary Fund (IMF), led by Mr. Mauricio Villafuerte, advisor to the Africa Department. According to Mr. Mauricio Villafuerte, the purpose of this meeting was to make an evaluation and an inventory of the economy, macroeconomic policy as well as short and medium term perspectives and to analyze the plan in the future. domain of public resources.
He added that they also discussed with the Head of State issues related to how the IMF should accompany the DRC in its efforts to revive its economy. He stated that his delegation had prepared a report for its Governing Board, with a view to making recommendations for the future, particularly with regard to technical and financial assistance based on field work.
For the IMF senior official, his delegation is working on managing the economic, fiscal and debt policy that is his specialty. He added that “the key challenge of the Congolese government is to increase revenue and financial resources,” he said.
As a reminder, while in Washington, the seat of the Bretton Woods Institutions, including the World Bank and the International Monetary Fund (IMF), the President of the Republic, Felix Tshisekedi was received by Christine Lagarde, Executive Director of the IMF. The Congolese President was accompanied by Minister of Finance Henri Yav Mulang and members of his cabinet. At the end of a working session, the two parties committed themselves to reconnect with the dormant cooperation, after several years.
“Since 2015, we have not done a joint review of Congo’s economy. We will start by rolling up our sleeves, getting to work, putting the economic situation together to do what is called Article VI, that is to say the audit of the DRC’s economy. which will allow us to establish where the strengths are, where the weaknesses are and where the budget policies can be improved … And we will give the appropriate advice to the president and his government and we will see if we have to finance ” said the boss of the IMF, adding that we need a program to get to work.
She later recalled that the mission of the IMF is to help the member states of the institution. Once an audit is done, we will need to put in place a funding support program, in the context of the desired economic improvement, she says, while always being optimistic that both traditional partners have renewed the relationship.
Renewing with the IMF is not a bad thing, because the different supports can strengthen the foreign exchange reserves of the DRC. But the DRC should stop with its bad habits that were the basis for putting this cooperation on the back burner. Let’s remember, however, that the DRC is not dead, has not disappeared because it was not in program with the IMF. Except that the signing of a formal program will give some credibility to the DRC in the international market.