Finances

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National Economic and Financial Committee of Congo (CNEF)

Under the chairmanship of Ludovic Ngatsé, Minister Delegate to the Minister of Finance and Budget, Calixte Nganongo, the National Economic and Financial Committee of Congo met in ordinary session, by videoconference, Monday, November 30, 2020, in Brazzaville. The press release was read by Michel Dzombala, Secretary-General of SNEF and National Director of the Bank of Central African States (BEAC).

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Organisation of a seminar on financial mediation

Wednesday 25 November 2020 in the Congolese capital, representatives of banks and microfinance institutions, justice and civil society actors working in the field of consumer rights, coaches and students in economics at the University Marien Ngouabi and the leaders of the Chamber of Commerce of Brazzaville agreed to set up, in the coming days, a financial mediation body to propose an amicable and non-coercive settlement of financial disputes.

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The Minister Delegate for the Budget in front of the press

Estimated at CFAF 182 billion with the contribution of the London Club which joined the initiative, this debt will now be reinvested in the Congolese economy, social and hospital modernization. Similarly, it will be used mainly to deal with the current pandemic and those that may arise. This good news was given on 10 June 2020 by the Minister Delegate for the Budget, Ludovic Ngatsé, who was received on the 8 p.m. news. It is within the framework of the initiative for the suspension of debt service, taken by the betting club in favour of certain African countries including Congo, that this salutary decision was taken. Here is the interview granted by the Minister Delegate for the Budget Ludovic Ngatsé to journalists from the national and international press.

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CONGO-IMF Technical Meetings

The first preparatory visit to the International Monetary Fund (IMF) semi-annual Review in Congo has just been held in Brazzaville from September 10 to 16, 2019. “After 3 years of recession, the first signs of improvement in the Congolese economy are evident”, Alex Segura-Ubiergo, head of the IMF delegation, says. 

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