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The creation of an Investment Bank is a priority of the government, according to the Prime Minister

Kinshasa, February 11th, 2022 (CPA) – The creation of an investment bank is a priority for his government, indicated Prime Minister Jean-Michel Sama Lukonde, at the official opening on Thursday, at Congo River Hotel, of the works of the restitution workshop of the feasibility study on the effective establishment of the Investment and Guarantee Bank (BIG) in DRC.

« The creation of this financing institution is a priority which is aligned with the government’s action program for 2021-2023 period and is in line with the vision of the President of the Republic, Felix Antoine Tshisekedi Tshilombo, which wants to make DRC a strong, prosperous and united State », he said, adding that it was the Head of State who assigned them the mission of reorganizing and restructuring the economy of the country, with the courageous ambition to create more wealth and better ensure its distribution among the different layers of the population.

« The comments that the various personalities will bring to this study will allow us to take a look at what has been done to meet the major challenges before planning the effective implementation of this Bank, which will contribute to supporting the economy by creation of local industries in our country”, he underlined.

In addition, the Head of Government promised the support of the national executive for the effective implementation of this project before thanking all the stakeholders for the efforts made to carry out this study, the conclusions of which were awaited for more than two years.

In his welcome address, the Minister in charge of Industry Julien Paluku paid a vibrant tribute to President Felix Antoine Tshisekedi Tshilombo for his enlightened vision of making DRC a country where the business climate remains a concern of the government with a view to attract more interested investors.

This vision, underlined the minister, is translated by the government headed by Prime Minister Jean-Michel Sama Lukonde who personally wanted to chair the opening of this workshop in view of its relevance for the country.

The effective establishment of the Investment and Guarantee Bank in DRC is an important reform which aims to guarantee public and private investments with a view to promoting the country’s economic development.

This study, we are informed, also had the assistance of several stakeholders, in particular experts from the Presidency of the Republic, the Primature, the Ministry in charge of Industry, Finance, Portfolio, the Central Bank of Congo as well as other stakeholders.

The Investment and Guarantee Bank, once set up, will be an important tool at the service of the economic and social development of DRC which suffers from a deficit of lack of financing of the economy. A situation that puts SME in difficulty to access financing.

The BIG could provide guarantees for the benefit of commercial banks. It could also provide loans and technical assistance to SME, we learned.

This workshop organized by the Ministry in charge of Industry allows the various participants to make the necessary comments on the study carried out by FINACTU team, financed by FPI with BCECO as Delegated Contracting Authority, in order to pave the way to the materialization of this project which will make it possible to accelerate the socio-economic development of DRC.

ACP/ Lys

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