The Congolese government plans to create two new financial institutions: a deposit and consignment fund (CDC) and a development bank. Finance Minister Doudou Fwamba presented the progress of these projects during the 50th Council of Ministers meeting on July 4. These institutions will centralize public funds and channel them toward priority investments to strengthen medium- and long-term financing.

The CDC’s creation is nearing completion, with a draft law soon to be submitted for government approval. Fwamba said the project relies on a technical and financial study supported by the United Nations Development Programme (UNDP). The study found underused funds scattered across several banks and recommended pooling these resources to better target public investments.

At the same time, the government plans to launch a development bank. Fwamba explained this bank will operate as a subsidiary of the CDC, with an estimated capital of $150 million. The government will submit its approval request to the Central Bank of Congo. The development bank will act as a financing lever. As it secures stable long-term resources, it will reduce dependence on external borrowing and increase its resilience.

Since 2022, the Ministry of Finance has mandated the consulting firm FINACTU to support the bank’s operational setup. The ultimate goal is to improve financing access for Congolese businesses and support public and private projects.

This article was initially published in French by Ronsard Luabeya

Edited in English by Ange Jason Quenum