The DR Congo government will disburse $223.1 million to resume various infrastructure projects. The Minister of Finance, Doudou Fwamba Li-Botayi, announced this at the end of the Council of Ministers meeting on October 18, 2024.

These projects include upgrading Kinshasa's road network, the PDL-145T program, rural electrification, improving agricultural roads, and the Kinshasa Arena project. The investments will focus on regions like Kasaï-Oriental, Tshopo, Kasaï-Central, Ituri, Kongo-Central, Tshuapa, and Kinshasa.

#Thread | #ConseilDesMinistre

‼️ 𝐋𝐞 𝐆𝐨𝐮𝐯𝐞𝐫𝐧𝐞𝐦𝐞𝐧𝐭 𝐜𝐨𝐧𝐠𝐨𝐥𝐚𝐢𝐬 𝐚𝐥𝐥𝐨𝐮𝐞 𝟐𝟐𝟑,𝟏 𝐦𝐢𝐥𝐥𝐢𝐨𝐧𝐬 𝐔𝐒𝐃 𝐩𝐨𝐮𝐫 𝐥𝐚 𝐫𝐞𝐥𝐚𝐧𝐜𝐞 𝐝𝐞𝐬 𝐩𝐫𝐨𝐣𝐞𝐭𝐬 𝐝’𝐢𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞#RDC | Lors de la 18ème réunion ordinaire du Conseil des… pic.twitter.com/0bpX4qmFxN

— Ministère des Finances, RDC (@financesrdc) October 20, 2024

The Finance Minister said this funding is a result of macroeconomic stabilization efforts started in June 2024. These reforms have helped stabilize the exchange rate, control inflation, and improve public finance management.

To improve the business climate, the DRC has prioritized infrastructure. Last July, the government announced a $1.5 billion investment plan for 2024. The plan aims to finance over 50% of infrastructure spending by 2030, especially in education and health sectors that often depend on international donors.

To reach this goal, the country will use a mix of public funding, public-private partnerships, and support from bilateral and multilateral sources for major projects like the Grand Katende Dam.

Charlène N’dimon, Ecofin Agency