Kinshasa, July 3rd, 2021 (CPA).– The need to lower the price of frozen products and airline tickets was raised on Thursday during the 9th meeting of the Economic Conjuncture Committee, chaired by the Prime Minister, Jean-Michel Sama Lukonde Kyenge, in his study.
The Minister of State for Planning Christian Mwando, who reported on it, indicated that internally, there has been a certain acceleration in the level of price formation and indicated that the Prime Minister has, to this end, asked the Minister of the Economy to kindly follow the causes of this development which will have to be curbed.
In the same vein, continued Minister Mwando, it was discussed the enforcement measures that must be taken to materialize the government’s measure to be able to lower the prices of basic products and air freight rates.
Exchange rate and economic situation
The exchange rate of the Congolese franc remains under control by respecting the macroeconomic stability pact between the Central Bank and the government, he said, stressing that the trend is still stable and that the country maintains a certain stability at the level national reserves, although the trend is still increasing.
In addition, it emerges from this meeting that the economic situation on the world level is evolving positively, underlined the minister, explaining that the growth continues and that at the international level, there is drop in the prices of metals, except for cobalt and manganese.
There has also been a downward trend in world prices for cereal products, the Minister of State concluded.
The Ministers of State for Planning, Christian Mwando, and for the Budget, Aimé Boji, the Ministers of Foreign Trade, Jean-Lucien Bussa, of National Economy, Jean-Marie Kalumba, of Labor, Employment and Social Welfare, Claudine Ndusi, and Finance, Nicolas Kazadi, as well as the Vice-Governor of the Central Bank of Congo, Jules Bondombe Asango, took part in this meeting. ACP/NIG