The Democratic Republic of Congo has opened a new era in its cooperation with international development partners. This Saturday, June 21 in Kinshasa, the Congolese Minister of Finance, Doudou Fwamba Likunde Li-Botayi, signed a series of financing agreements with Albert Zeufack, World Bank Director of Operations for the DRC.
These new financial commitments, totaling nearly 2 billion US dollars, aim to strengthen the country’s capacities in key sectors such as energy, governance, infrastructure, digitalization, and resilience to growing urban challenges.
Among the projects involved is the development of the Inga 3 hydroelectric site, a large-scale continental project set to transform the energy landscape of the DRC and its neighbors. Other initiatives planned in these agreements focus on improving public governance, modernizing infrastructure, digital transformation, and resilient urban management.
For Albert Zeufack, these agreements demonstrate a strong and strategic partnership between the World Bank and the DRC, even in a context marked by security uncertainties. “This portfolio is the result of sustained technical dialogue and a shared willingness to build a more resilient and inclusive DRC,” he said during the ceremony.
The Ministry of Finance, on its part, specified that this signing is fully in line with the Government Action Program (PAG), led by President Félix Tshisekedi. The stated objective is to support national priorities, particularly in terms of inclusive growth, institutional efficiency, and modernization of the state apparatus.
It is worth noting that in June 2024, the World Bank had already approved a $1 billion grant to the DRC to finance, among other things, digital connectivity, improvement of basic social services, and sustainable development in conflict-affected provinces. This new series of agreements confirms the strengthening of the strategic partnership between Kinshasa and the Bretton Woods institution.
