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UN Security Council debate focuses on peace efforts for Africa's Great Lakes region

UN News Centre - July 25, 2013

Secretary-General Ban Ki-moon (centre) addresses the Security Council. At right is United States Secretary of State John Kerry. UN Photo/JC McIlwaineThe Security Council today restated its commitment to the United Nations-brokered peace accord for Africa’s strife-torn Great Lakes region and demanded an immediate end to hostilities in the Democratic Republic of the Congo.
DR Congo Eases Process for Starting a New Business

L'Avenir - June 3, 2013

Matata Ponyo meets with FEC president Albert Yuma on 8/3/2012Prime Minister Matata Ponyo has inaugurated the new one-stop agency for entrepreneurs who want to start a new business. The head of the new agency said that its offices across the country will streamline the process of creating a new business, which used to take months, to a maximum of 3 business days.
Kabila Names Finance Minister as New Prime Minister

Congo News Agency - April 19, 2012

Augustin Matata PonyoPresident Joseph Kabila named former finance minister Matata Ponyo as the new prime minister on Wednesday. Known as a technocrat, Mr. Ponyo oversaw a 7 percent economic growth in the Democratic Republic of Congo in 2010 and a $12.3 billion debt cancellation. The World Bank said last week it expects the same growth rate in DR Congo for the next two years.
DR Congo Economic Growth Set to Reach An Unprecedented Seven Percent in 2013

World Bank - April 12, 2012

DR Congo's Minister of Planning Olivier KamitatuIn its first detailed economic analysis in twenty-five years, the World Bank projects the economy of The Democratic Republic of Congo (DRC) is set to grow at up to 7 percent annually for the next two years. However, commodities remain important, both directly and indirectly as these sectors finance construction, trade and other activities.
IMF, World Bank Grant $12.3 Billion Debt Relief for DR Congo

International Monetary Fund - July 1, 2010

IMF - CongoThe IMF and the World Bank decided June 30 and July 1, respectively, to grant debt relief worth $12.3 billion for the Democratic Republic of the Congo. The decision of the IMF and World Bank Executive Boards will generate total debt service savings of $12.3 billion.
Congo Could Have Most of Debt Forgiven by June

VOA News - March 24, 2010

IMF - CongoPresident Joseph Kabila's moves to reform the economy and better spending control have the Democratic Republic of Congo on the verge of an historic deal that could see nearly $11 billion of debt slashed to just more than $2 billion.
$215 Million Central Africa Backbone Program Will Bring Low Cost, High Speed Internet to the Region

World Bank - October 6, 2009

Banque MondialeToday the Executive Board of Directors of the World Bank Group has announced its endorsement of the $215 million, ten-year Central African Backbone Program (CAB Program). This program will support the countries of the Central African region in developing their high-speed telecommunications backbone infrastructure to increase the availability of high-speed Internet and reduce end-user prices.
World Bank President Robert Zoellick Meets with President Joseph Kabila in Goma

ACP - August 11, 2009

Joseph Kabila and Robert Zoellick in GomaThe president of the World Bank, Robert B. Zoellick, met with President Joseph Kabila for an hour on Tuesday in Goma (North Kivu province). They reviewed the economic issues affecting the DRC amidst the global fincancial crisis.
Chinese Mineral Deal Blocking Congo's IMF Debt Relief

VOA News - May 26, 2009

Joseph Kabila and Hu JintaoCongo's $9,000,000,000 mineral deal with China is holding up agreement with the International Monetary Fund on reducing its external debt. President Joseph Kabila's government wants the IMF to forgive much of its external debt. But the IMF says Congo's massive mineral deal with China could make that debt worse. So it is waiting for the results of a feasibility study next month before deciding on Congo debt relief.
IMF Managing Director Dominique Strauss-Khan meets with President Joseph Kabila

ACP - May 24, 2009

Dominique Strauss-Khan with Joseph Kabila in KinshasaThe economic future of the Democratic Republic of Congo was the main topic of discussion between President Joseph Kabila and the Managing Director of the International Monetary Fund (IMF), Dominique Strauss-Khan, on Sunday in Kinshasa.



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