DR Congo signs $564mln deal with AFD
Wednesday, 08 December 2021 17:59
In a December 7 statement, the DR Congo government announced it has reached an MoU of over $564 million with the French Development Agency (AFD). Although no further details were provided, this agreement is part of a strategy to strengthen AFD’s investment in the Central African country.
The partners also signed two other deals. One of more than $11.2 million for the education sector and the second to increase domestic resource mobilization in the country. Let’s note that an IMF delegation led by MD Kristalina Georgieva is currently visiting the country. This official visit, the first, aims to consolidate "the working relationship and trust" between the DRC and the monetary body.
According to IMF data, the Congolese economy, which has been growing since 2012, was particularly shaken in 2020 due to covid-19. Economic growth that year was 1.7% compared to 4.4% the previous year. For 2021, the institution expects a rebound to 4.9% and then to 5.6% in 2022.
Jean-Marc Gogbeu (intern)
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