A high-level mission from the African Development Bank Group, led by the Managing Director for the Central Africa region, Serge Nguessan, visited Kinshasa from August 30 to September 4, 2021 to strengthen relations between the Bank and the Democratic Republic of Congo (DRC).
The objective of this mission was to strengthen and revitalize cooperation between the Bank and DR Congo, in accordance with the desire of the new Congolese authorities to accelerate the implementation of major projects for the structural transformation of the economy and growth inclusive post-Covid-19.
The two parties praised the excellent progress of the proceedings and the quality of the discussions.
The Director of the Bank Group for the DRC, Ilankir Matungulu, as well as the Deputy Director General for Central Africa and the Bank’s new country representative in the DRC, Solomane Koné took part in this strategic mission which also included experts from the country office in Kinshasa, in charge of key sectors, particularly in economic and operational areas, infrastructure and social development.
Fruitful consultations took place with the highest authorities and technical and financial partners based in the DRC. Discussions with the World Bank, the International Monetary Fund, the European Union and the United Nations Development Program have focused on strengthening coordination and synergies to better meet the country’s major challenges.
Discussions with senior authorities focused in particular on the political, economic, social and security situation in the DRC, but also on cooperation with the Bank in strategic areas, including infrastructure, governance, economic recovery and the creation of ‘jobs.
The Congolese authorities also praised the relevance of the Bank’s lines of intervention and the importance of the ongoing portfolio, which includes 31 operations worth around US $ 1.62 billion in strategic sectors. governance, agriculture, transport infrastructure, energy, water and sanitation.
The mission met with authorities at the highest level: Jean-Michel Sama Lukonde, Prime Minister, Nicolas Kazadi, Minister of Finance and Governor of the African Development Bank for DR Congo, Alexis Gisaro Muvunyi, Minister of State, Minister of Infrastructures and Public Works, Christian Mwando Nsimba, Minister of State, Minister of Planning, Désiré M’Zinga Birhanze, Minister of Agriculture and Cherubin Okende Senga, Minister of Transport, Communication Routes and Opening up.
The two parties agreed to an in-depth review of the Bank’s portfolio in the DRC in order to accelerate the implementation of projects to better support the process of economic transformation and improve the living conditions of the populations.
The Congolese authorities welcomed the Bank’s commitment to continue to play a leading role in the mobilization of resources and the financial structuring of structuring and integrating projects.
The revitalization of cooperation involves strategic axes, in particular the Inga III dam project, the construction of the port of Banana in the province of central Kongo, the road-rail bridge between Kinshasa and Brazzaville, the development of major road corridors for internal opening up and sub-regional integration, the development of special agro-industrial processing zones, capacity building and employment of young people and women, as well as sector reforms for the development of promising sectors and the private sector.
The African Development Bank reiterated its commitment to play its role as a leading partner in the design and implementation of structuring programs and projects included in the country’s development program.
The Congolese authorities appreciated the decision of the President of the African Development Bank, Dr Akinwumi A. Adesina, to strengthen the human resources of the country office and to raise the quality of its representation in the DRC by the appointment of the Deputy Director General for Central Africa as country manager.
The Bank mission reaffirmed its commitment to support the government in the organization of the Alliance for Entrepreneurship Forum in Africa by the end of 2021.