Civil Society Raises Alarm Over Mismanagement of DRC Mining Fund for Future Generations
Bad practices characterize the management of funds from the Mining Fund for Future Generations (FOMIN), according to the Makuta Ya Maendeleo Consortium, a civil society platform monitoring governance of extractive sector revenues.
The Makuta Ya Maendeleo Consortium has expressed deep concern over the use of funds allocated to FOMIN’s operations. Recent documents reviewed by the consortium reveal that substantial sums were allocated in a questionable manner, including a payment of $300,000 to the General Inspectorate of Finance, $300,000 in litigation bonuses to the Kinshasa public prosecutor’s office, and fees of $8,500 paid to members of the Minister of Mines’ cabinet.
These revelations confirm the consortium’s previous warnings about the arbitrary determination of 20% of the resources recovered for FOMIN’s operation.
Such practices raise concerns about potential misappropriation of significant portions of FOMIN revenues, which are meant to ensure intergenerational equity in the exploitation of mining sector revenues.
The Makuta Ya Maendeleo Consortium demands total transparency in the management of FOMIN funds and calls for an immediate review of resource allocation procedures to prevent future financial misappropriation.
The consortium emphasizes the importance of preserving the integrity of this fund to protect the interests of future generations.
The Makuta Ya Maendeleo Consortium remains vigilant and continues to closely monitor the use of FOMIN funds, urging relevant authorities to take necessary measures to rectify this alarming situation.
