Governor of the Central Bank to present a dossier on the development of alternative sectors to mining in DRC
The Prime Minister, Sylvestre Ilunga Ilunkamba, during the traditional meeting of the Economic Conjuncture Committee, held on Tuesday, October 6, 2020 at the Prime Minister’s office, returned to the need to increase efforts to develop other revenue-generating sectors, reports a press release from the Prime Minister.
It is in this context that the head of government instructed the Governor of the Central Bank of Congo, Déogratias Mutombo, present at this meeting, to “present the file on the related financing”, declared Jean-Baudoin Mayo Mambeke, VPM, Minister of the Budget, in his report of the meeting.
Examining the mining scorecard, CCE members noted that production of mining products is holding up in the country, but mineral prices are registering some negligible declines. There is nothing to fear, however, as other mining companies will start production early next year. Here, we are referring to the large South American copper producers whose industry is not operating at full capacity because of the covid-19 pandemic.
However, the Conjuncture Committee welcomes the stability of the macroeconomic framework “despite minimal fluctuations” in the inflation rate marked by a slight acceleration in prices in certain parts of the DRC, and a deceleration in certain areas of the DRC. ‘other areas. This situation was also reflected in exchange rates both officially and parallel, said the VPM to the Budget.
During this meeting, three notes were reviewed. The first related to the economic situation was presented by the Vice-Minister of Planning. The second in the mining sector was submitted by the Minister of Mines, and finally the note from the Governor of the Central Bank of Congo on the Balance of Payments.
