DRC – World Bank: Disbursement of USD 600 million in budget support requested

Kinshasa, April 24^th 2025(CPA) – The government of the Democratic Republic of Congo has requested the disbursement of USD 600 million in budget support and the structuring of projects for an IDA-21 allocation from the international financial institutions, on the sidelines of the IMF and World Bank spring meetings held in Washington on Tuesday, according to a press release consulted by the CPA on Wednesday. ‘Exchanges between the World Bank and the DRC delegation led by Minister in charge of Finance Doudou Fwamba Likunde Li-Botayi, and accompanied by the Minister of State for the Budget, Aimé Boji Sangara, focused on two major areas: progress on the triggers for the USD 600 million budget support and the structuring of projects under the IDA-21 allocation’, read the Finance Ministry press release. These discussions took place on Tuesday April 22^nd, 2025 in Washington on the sidelines of the spring meetings of the International Monetary Fund (IMF) and the World Bank. According to the press release, the Finance Minister called for the rapid disbursement of budget support and an IDA-21 allocation focused on high-impact projects, notably waste management, education, revenue, infrastructure, agriculture and feeder roads. He highlighted the resilience of the national economy in the face of the security situation in the east of the country, before reaffirming the government’s commitment, under the leadership of President Félix Tshisekedi and Prime Minister Judith Suminwa, to pursue reforms to preserve macroeconomic balances. On the subject of governance, Doudou Fwamba recalled the measures taken to remove the DRC from the Financial Action Task Force (FATF) grey list, notably the decree on the declaration of assets and the operationalization of the National Committee for the Implementation of Targeted Financial Sanctions (CONASAFIC). The World Bank welcomed the progress made, while reaffirming its support for the reforms and encouraging the government to continue its efforts to stabilize the country, increase transparency and make the economy more attractive. ACP/