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DRC: IMF to rule on Article IV consultation report on August 26, 2019

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The Executive Board of the International Monetary Fund (IMF) will decide, on August 26, 2019, on the report of the recent mission of the Article IV consultations, which enabled it to review the evolution of the situation. country’s economy. In the event of a favorable opinion, this decision will serve as a foundation for the Congolese government to solicit the conclusion of its Economic Program with support from the IMF.

« It is true that the DRC is waiting for the review and evaluation of this report in the third quarter of 2019 by the IMF’s Executive Board. It is at the end of this evaluation that the DRC will begin negotiations with this institution for the conclusion of the Government’s Economic Program that will be supported by IMF resources. It goes without saying that other financial partners such as the World Bank, the World Bank, the African Development Bank, the European Union and others can also accompany the country in this context », said the governor of the Bank central Congo at a recent press briefing.

In concrete terms, the Board of Directors will only take a decision on August 26th on the Assessment Report on the DRC’s economic situation and possibly make recommendations to the Congolese authorities.

In the event of a favorable decision, it will be up to the Congolese government to concretize the wish expressed by the head of state, Félix-Antoine Tshisekedi, during his visit to the IMF last April, that of negotiating the conclusion of the Program. government’s economy supported by the Fund’s resources.

Therefore, the IMF’s Article IV consultation mission is only a first step in a process that consists simply of making a diagnosis on the behavior of the economy of a member country of this institution. Bretton Woods and provide him with some practical advice to improve management.

RE(READ): Five IMF Remedies Prescribed to Congolese Authorities

Sophisticated analysts believe that in light of the generally satisfactory preliminary conclusions of these consultations that took place in the DRC from May 22 to June 5, the IMF’s Executive Board would not go against a favorable note.

As a reminder, the Preliminary Report of the mission led by Mauricio Villafuerte, the recommendations made to the DRC focused on the policies that will ultimately enable the diversification of the economy and tackle the high levels of poverty and unemployment. in a population that continues to grow at a worrying speed.

The last IMF Executive Board meeting on the Article IV assessment of the DRC economy took place on June 9, 2014. The Executive Director, as Chairman of the Executive Board, summarized the the opinions of the directors at the end of the deliberations and communicated them to the Congolese authorities.

Eric Tshikuma

DRC: IMF submits to the executive the pre-report of its Article IV mission

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DRC: OEARSE says « Stop Inga 3 » and demands a preliminary strategic environmental study

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DRC: OEARSE says "Stop Inga 3" and demands a preliminary strategic environmental study

The Observatory for studies and support for social and environmental responsibility (OEARSE) has, in a memorandum, called stop Inga 3 and asked the President of the Republic to sponsor a strategic environmental assessment prior to taking any commitment. This concerns not only the Inga 3 project but also all the other phases of the Grand Inga.

In this document addressed to Félix Antoine Tshisekedi, Tuesday, August 20, 2019, the opening day of the Forum on Electric Energy organized, under his patronage in Matadi, the signatories-activists of the civil society affirm to note with which the project Inga 3 is one of the priorities of the head of state’s diplomatic energy agenda, both internally and externally.

Nevertheless, insists OEARSE, the laws of the Republic of which he is the guarantor require, at the end of the Article 3 of the Decree n ° 14/019 of August 2nd, 2014 fixing the rules of operation of the procedural mechanisms of the protection of the environment , to sponsor the Congolese Environment Agency: « a strategic environmental assessment. »

The latter, recalls OEARSE, « is aimed at the prior systematic examination of the environmental consequences of a policy, plan or program drawn up by the State, the province, the decentralized territorial entity or the establishment public. »

This structure of the Congolese civil society hopes that any decision that the head of state will take as guarantor of the nation in the energy sector, should go in the direction of making the interest of the population a priority « the people first. « 

« This is why our organization says STOP INGA 3 and asks you to stop all the initiatives going in the direction of promoting the INGA 3 and Grand Inga project until the preliminary realization of a strategic environmental assessment, » reads in the memorandum.

Also, she asks the President of the Republic to ensure the opening of a framework of exchange where the girls and sons of the country could discuss in a specific way with his institution on their concerns related to the project Inga 3 and big Inga.

And to insist: « in the energy sector, we can not help you to build a modern, peaceful, democratic and citizen-friendly state unless the guiding decisions of your energy development program take into account the balance between the internal need and the geostrategic stakes of the potential, of the taking into account of the questions of the social and environmental impact on the communities.  »

Emilie MBOYO

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DRC: First Forum on Electric Energy to be held in Matadi

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DRC: First Forum on Electric Energy to be held in Matadi

The Electric Energy Forum is being held in Matadi, Central Kongo Province. During three days of work, the reflections will revolve around the theme: « How to transform the immense hydroelectric capacity of the country into an engine of socio-economic development for the Congolese people, first, the subregion and Africa. « 

The go will be given, Tuesday, August 20, 2019 at the Hotel Ledya, by the President of the Republic, Felix Tshisekedi.

This first day is devoted to the state of play of the electricity sector in the DRC.

According to the program, the opening panel with three speakers will focus on the energy potential (renewable and non-renewable energies). The second panel of six speakers will focus on the state of play in the operation and management of electricity (production, transport, interconnections, distribution and marketing).

The work of this day will end with a workshop on the general inventory of fixtures. A gala evening is also planned. It will be enhanced by the Zaiko Langa Langa Orchestra.

About 500 people take part in this meeting, which will continue on Wednesday 21st and close on Thursday 22nd August 2019.

It is also a total of 26 speakers including the chief of staff of the Head of State, Vital Kamerhe, Didier Tsasa and Ibrahima Konate of the World Bank, Simon Tumawaku of the Chamber of Mines, Anthony Nkinzo of the Agency National Investment Promotion and Evelyne Mbata from civil society.

Despite its enormous hydropower potential, the DRC has one of the lowest electricity supply rates in African countries. It varies between 10 and 15% serving more than 80 million inhabitants and a mining industry operating with a deficit of more than 2,500 megawatts.

Presentations and debates, from the state of play to the sector’s development financing strategies and from the mandate program to the electricity sector reforms, will have to allow the national executive to draw a map. clear strategic plan on the medium- and long-term objectives to be achieved.

For informed analysts, it will be question in particular to increase the production capacity to reduce the electricity deficit taking into account the prospect of development of the Congolese industrial fabric. But also improve the circuit of transport of electrical energy.

Emilie MBOYODRC: First Forum on Electric Energy to be held in Matadi

The Electric Energy Forum is being held in Matadi, Central Kongo Province. During three days of work, the reflections will revolve around the theme: « How to transform the immense hydroelectric capacity of the country into an engine of socio-economic development for the Congolese people, first, the subregion and Africa.  »
The go will be given, Tuesday, August 20, 2019 at the Hotel Ledya, by the President of the Republic, Felix Tshisekedi.

This first day is devoted to the state of play of the electricity sector in the DRC.

According to the program, the opening panel with three speakers will focus on the energy potential (renewable and non-renewable energies). The second panel of six speakers will focus on the state of play in the operation and management of electricity (production, transport, interconnections, distribution and marketing).

The work of this day will end with a workshop on the general inventory of fixtures. A gala evening is also planned. It will be enhanced by the Zaiko Langa Langa Orchestra.

About 500 people take part in this meeting, which will continue on Wednesday 21st and close on Thursday 22nd August 2019.

It is also a total of 26 speakers including the chief of staff of the Head of State, Vital Kamerhe, Didier Tsasa and Ibrahima Konate of the World Bank, Simon Tumawaku of the Chamber of Mines, Anthony Nkinzo of the Agency National Investment Promotion and Evelyne Mbata from civil society.

Despite its enormous hydropower potential, the DRC has one of the lowest electricity supply rates in African countries. It varies between 10 and 15% serving more than 80 million inhabitants and a mining industry operating with a deficit of more than 2,500 megawatts.

Presentations and debates, from the state of play to the sector’s development financing strategies and from the mandate program to the electricity sector reforms, will have to allow the national executive to draw a map. clear strategic plan on the medium- and long-term objectives to be achieved.

For informed analysts, it will be question in particular to increase the production capacity to reduce the electricity deficit taking into account the prospect of development of the Congolese industrial fabric. But also improve the circuit of transport of electrical energy.

Emilie MBOYO

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DRC: Ogefrem, the Inter-Union against the rehabilitation of nine agents dismissed for embezzlement

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DRC: Ogefrem, the Inter-Union against the rehabilitation of nine agents dismissed for embezzlement

The inter-union of the Multimodal Freight Management Office (Ogefrem) has just opposed its categorical refusal to see being rehabilitated the nine agents and cadres dismissed for embezzlement of over a million US dollars and insubordination. This position was revealed during a press briefing on Monday 19 August 2019 in the parish hall of Fatima in Kinshasa.

Indeed, these trade unionists began by denouncing a sort of fierceness and unfortunate interferences on the part of political actors in the management of the company.

« The inter-union was informed by social networks, before arriving at their final destination, a series of correspondence from the chief of staff of the Head of State, the Deputy Prime Minister in charge of Transport ai . and the chairman of the board of directors of Ogefrem, « she says.

According to the syndicalists, all these correspondences have as sources either contradictory memos coming from unauthorized persons, or based on erroneous information.

 

The inter-union deplores « the fact that the chief of staff of the head of state is misled by people who seek to harm not only this enterprise state that stands out for its remarkable recovery since the implementation. place of the new management committee, headed by Patience Sayiba.  »

Also, she laments, this policy interference that promotes clientelism instead of the interests of agents who have seen their salaries be paid regularly while with the former management committee, they accumulated late payments.

These agents believe that reinstating agents dismissed for public hijackings in no way in line with the fight against corruption, impunity and embezzlement of public funds advocated by the head of state, Felix Tshisekedi.

Moreover, the inter-union recalls that this file of revocation was well followed and treated not only by the inter-union of the Ogefrem but even more by the general Inspectorate of the work, the Primature where an ad hoc committee was even instituted by order of President Kabila at that time.

She calls on the competent authorities’ wisdom to reverse this decision taken under the influence of ill-intentioned persons and without consulting her beforehand.

She warns against anyone trying to create tension in this company and invites agents to calm down while waiting for his slogan.

Nadine FULA

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