Economic Conjuncture Committee notes an increase in the price of copper on the international market- DRC
Prime Minister, Sylvestre Ilunga Ilunkamba, gathered the members of the Economic Conjuncture Committee this Tuesday, September 1, 2020 at the Government Building to assess the economic situation of the country.
It emerges from this meeting that the evolution of the economic situation is worrying at the global level and that will influence the national economy. However, the efforts made by the Government, with the support of the Central Bank of Congo since the signing of the stability pact, are yielding good results. The exchange rate has not moved since the last assessment and there is a marked slowdown in the rate of price formation.
” Today’s meeting considered two notes. The economic report and information note on the mining sectors. The development of the economic situation is worrying on a global level. this influences the economic situation of the DRC, ‘We have also noted that the efforts the government made with the support of the BCC since the signing of the stability pact are producing good results. We noted the deceleration in the rate of price formation and the stability of the exchange rate. The prime minister urged us to continue these efforts, ” declared the deputy prime minister, minister of the Budget, Jean- Baudoin Mayo, who reported the meeting to the press.
With regard to the mining sector, the briefing note does not present a concern given that the prices of the main export minerals from the DRC are either rising or stable on the international market.
“The mining sector briefing reveals that the price of copper has increased slightly. It broke the $ 6,600 per metric tonne mark. And the price of cobalt is over $ 33,000 per metric tonne. And gold continues to do well. Mining production continues to be maintained, ”he said.
The members of the meeting on the economic situation also called on economic operators to tax citizenship in order to support the Congolese people during this period of the Covid-19 pandemic.
As a reminder, the Economic Conjuncture Committee is made up of the Ministries of Budget, Planning, Labor and Social Welfare, National Economy, Foreign Trade, Mines, Finance, as well as the Central Bank of Congo. Since the onset of the coronavirus health crisis, the Economic Conjuncture Committee has regularly associated the Federation of Congo Enterprises (FEC) and the National Association of Public Enterprises (ANEP).
