DRC: in 3 years, IFC has invested USD 550 million in the energy and infrastructure sectors

Since 2021, the Democratic Republic of Congo (DRC) has benefited from major financial support of US$550 million from the International Finance Corporation (IFC), focused on growth-generating projects, particularly in the infrastructure and energy sectors.

This was highlighted at a meeting on Thursday November 14, 2024 between Sergio Pimenta, the institution’s Vice President for Africa, and Judith Tuluka Suminwa, Prime Minister and Head of the Congolese Government.

According to Sergio Pimenta, this support targets concrete projects aimed at improving the daily lives of the Congolese people and strengthening the national economic fabric.

“The $550 million we have deployed in the DRC has been used to finance projects in key sectors, notably energy and infrastructure. The effects are visible and have a direct impact on the population,” asserted Sergio Pimenta.

Vital development for the Congolese economy

The injection of capital from the International Finance Corporation (IFC) is helping to alleviate the DRC’s energy deficit and support basic infrastructure to meet the growing needs of a rapidly expanding population.

By promoting access to energy, these investments aim not only to improve living conditions, but also to stimulate economic growth by facilitating industrial activity and services.

Strategic investments

The IFC, the private sector financing arm of the World Bank Group, sees significant development potential in the DRC.

By supporting projects in structuring sectors, the IFC aims to strengthen the country’s economic resilience, creating an environment conducive to investment and innovation.

Prospects for growth

These investments are a lever for boosting the Congolese private sector.

As the projects supported by the IFC come to fruition, the DRC will become increasingly attractive to foreign investors, a major asset in diversifying its economy and reducing its dependence on natural resources.

In concrete terms, experts report that the IFC’s deployment in the DRC testifies to the renewed confidence of international financial institutions in the country’s development potential, and strengthens the foundations for a more prosperous and inclusive future.

Flory Musiswa