DRC: The government plans to borrow USD 30 million on the local financial market

Kinshasa, May 19^th, 2025 (CPA) – The public treasury, through the Ministry of Finance of the Democratic Republic of Congo, plans to borrow an amount of 30 million US dollars through an issue of Treasury Bonds on Tuesday, May 20^th, according to a press release consulted by the CPA. ‘The Ministry of Finance is announcing the opening of an auction of 30 million US dollars‘ worth of Treasury bills through a Treasury bond issue scheduled for Tuesday, May 20^th, 2025,’ it read. The maturity of this bond, said the source, is set at six months, with redemption scheduled for November 18^th, 2025. It will be recalled that on 13 May this year, the public treasury of the Democratic Republic of Congo, through the Ministry of Finance, borrowed 50.475 million US dollars on the local financial market, through an issue of foreign currency bonds. This short maturity reflects the government’s desire to obtain short-term liquidity, while reassuring investors of its ability to honor its commitments within a relatively short timeframe. Issues of index-linked Treasury bills and index-linked Treasury bonds enable the government of the Democratic Republic of Congo, as the issuer, to offset shortfalls in the mobilization of public revenues.