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🇨🇩 DR Congo /Economy & Trade

Over $137.8 Million from Congo's Eurobond Disbursed for Key Projects

From Radio Okapi · () French

Translated from French, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • The Democratic Republic of Congo has disbursed over $137.8 million from its inaugural Eurobond issuance.
  • Funds are allocated to priority structural projects, including Grand Katende and the N'djili and Luano airports.
  • The disbursement aligns with the strategy presented to investors during the Eurobond's emission.

The Democratic Republic of Congo has already disbursed more than $137.8 million from its first-ever Eurobond issuance, the Ministry of Finance announced on Thursday, August 7. These funds are earmarked for critical structural projects, demonstrating the government's commitment to development.

Key beneficiaries of this financial injection include the Grand Katende project and the airports at N'djili and Luano. The Ministry of Finance stated that the allocation of these resources strictly adheres to the strategy that was presented to investors when the Eurobond was initially offered.

This move signifies a concrete step in leveraging international financial markets to fund essential infrastructure. The transparent allocation of funds, as detailed in a statement from the Finance Minister's office, aims to build investor confidence and ensure the effective use of capital for national development priorities.

a total amount of 137,894,270.17 USD from the inaugural issuance of the Democratic Republic of Congo's Eurobond has already been disbursed for priority structural projects.

— Ministry of FinanceAnnouncing the disbursement of funds from the Eurobond.
DistantNews Editorial

Originally published by Radio Okapi in French. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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