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World Bank Pledges $2bn for Inga 3 and Key Projects in DR Congo

World Bank Pledges $2bn for Inga 3 and Key Projects in DR Congo
Tuesday, 24 June 2025 08:38

• World Bank and DR Congo sign $2 billion financing deal for five strategic projects
• Funds will support Inga 3 hydropower, infrastructure, digital transformation, and more
• The World Bank's total commitments in DR Congo now exceed $7 billion

The Democratic Republic of Congo (DR Congo) and the World Bank have signed a series of financing agreements worth a total of $2 billion. The announcement was made public on Saturday, June 21, 2025, through X (formerly Twitter).

“These agreements cover five strategic projects, including the development of the Inga 3 hydropower site, as well as initiatives in governance, infrastructure, digital transformation, and urban resilience,” the Congolese Ministry of Finance stated. It added that the agreements are part of the government's Action Program, designed to support national development priorities, improve institutional efficiency, and promote inclusive growth.

This financing comes as DR Congo continues to roll out reforms aimed at attracting investment, boosting the economy, and accelerating development, despite ongoing security challenges. To achieve these goals, the government is implementing a diversified financing strategy, combining public funds, private partnerships, and support from multilateral organizations to ensure the success of large-scale projects.

Through this new funding, the World Bank strengthens its cooperation with the Central African nation, focusing on major development programs. The institution has already approved a new Country Partnership Framework (CPF) for DR Congo, covering the period from 2022 to 2026. This framework prioritizes stronger governance and stability, with a focus on eastern regions of the country.

As of March 31, 2025, the World Bank's total active portfolio in DR Congo stood at more than $7 billion. This includes 18 national projects and two regional projects, according to the latest data from the institution.

The World Bank’s commitments in DR Congo span multiple sectors, including economic management, governance, private sector development, human capital, and sustainable development.

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