DRC: Ukrainian crisis and rise in crude oil prices, the Govt plans to take urgent measures to deal with this situation
The Government of the Democratic Republic of Congo (DRC) is very attentive to the progress of Russian military operations in Ukraine and their effects on the world economy.
During the traditional weekly meeting of the Economic Situation Committee (CCE) held on Wednesday March 2, 2022, the sectoral Ministers around the Prime Minister, Jean-Michel Sama Lukonde, counted on the economic situation both nationally and internationally. international in the period from February 9 to 28, 2022.
At the national level, the Economic Conjuncture Committee notes that the impact of the rise in the price of energy products on the international market was likely to have difficult consequences for the Congolese economy, which imports all of its oil.
“The CCE noted that the impact of the rise in the prices of energy products was likely to have difficult consequences for the Congolese economy which imports all of its oil. We talked about the measures to be taken urgently to control the impact of this increase. However, it was also noted that concerning raw materials and other mining products, Congo could benefit from a good performance of prices, including in the current context of crisis in Ukraine. », underlined the Minister of Finance, Nicolas Kazadi.
Furthermore, the members of the Economic Situation Committee indicate that at the national level, the macro-economic situation remains stable both on the goods and services market and on the money market.
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