Issues of indexed Treasury bills reach 613.7 million USD in 2022

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Kinshasa, January 24th, 2023 (CPA) – Issues of indexed Treasury bills by the government of the Democratic Republic of Congo (DRC) raised on the local financial market reached USD 613.7 million, or CDF 1,279.6 billion in 2022, according to statistics from the Ministry of Finance.

Compared to the year 2021, the funds raised during this fiscal year stood at CDF 708.8 billion, or about USD 354.4 million, thus showing an increase of 81%.

According to information provided by the Ministry in charge of Finance, net funds raised during 2022, i.e. after subtracting repayments of matured securities, amounted to CDF 449.3 million. This compares to CDF 224.5 million a year earlier, in 2021.

For the Ministry in charge of Finance, the increase in the issuance of indexed Treasury bonds and indexed Treasury bills attests to the growing support of economic agents for these financial securities which are increasingly playing the role of financing instrument for the government and investments for private economic operators.

For this year 2023, the government plans to raise a net amount of CDF 314 billion on the domestic market with Treasury Bills and Treasury Bonds, at a rate of CDF 78.50 billion per quarter

A Treasury bond is a debt security issued by the State and redeemable at maturity. In the DRC, it is the government that issues these debt securities through the Treasury. When an economic operator or a private individual buys a Bon du Trésor, he lends money to the State and becomes, in a way, its creditor. Guaranteed 100% by the government that issues it. The Treasury Bill is one of the safest investments on the money market.