Kinshasa, April 15th, 2025 (CPA) – The stability of the Congolese franc is ensured thanks to the efforts of the Central Bank, has maintained he Deputy Prime Minister in charge of the Economy, during a briefing on the measures taken by the Government in times of war to preserve the economy in the Democratic Republic of Congo.
‘The Central Bank of Congo is making an extraordinary effort to support the Congolese franc and keep the exchange rate stable, by intervening in the market on a regular basis’, has explained Daniel Mukoko. The expenditures have risen sharply on the public finances side, because the war has to be financed, and because “the government has spared no expense to finance the war”, has added Daniel Mukoko, in this press briefing which reviewed the evolution of the economic situation and the efforts made to protect purchasing power in DRC.
He has indicated that it happens that monthly revenues do not cover monthly expenditures, but has defended the fact that this additional financing is carried out “in a healthy manner, without creating inflation or instability on the foreign exchange market”. The Professor Daniel Mukoko has also praised the stability of the current macroeconomic framework in DRC, which is much more stable than when the government was inaugurated.
« We have begun the Head of State’s second term in office with strong commitments that the President had made to the Congolese people. We had a macroeconomic situation that was rather unstable when the government was inaugurated. That is not the case today, just as efforts have been made to reduce prices for certain basic products such as petroleum products and foodstuffs for mass consumption », he has said. According to the Deputy Prime Minister in charge of the Economy, the business community has confidence in the Treasury. ‘There is confidence in the head of the institutions of the Republic that are responsible for managing the national economy’, has said Mr Mukoko.
The government’s challenge
The Ministers in charge of the Economy and Communication (r.) at the briefing
For the Deputy Prime Minister in charge of the national economy, the government has set itself the challenge of significantly reducing the prices of five everyday consumer products in five years’ time. « Maize, manioc, soya, palm oil and rice are the five products for which it is planned to significantly reduce prices over a period of 4 to 5 years. The government has launched a voluntary agricultural programme with agricultural bases in which large sums of money have been invested, to set up real cassava factories and maize factories to transform local production into products that can be easily preserved, so as to stabilise the market for these products », he has pointed out. He has also pointed out that there is no shortage of petroleum products.
« There are sufficient stocks of petroleum products, and the oil companies now have a good cash flow that enables them to import products regularly and sell them. In fact, we have cut prices by an average of 30%. The consumption of petroleum products has simply exploded », Daniel Mukoko Samba has insisted.