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Congo Plans Debut Eurobond of $1 Billion to Support Growth

  • Prime minister says no funds will go to recurrent expenditure
  • Debt levels have remained low after Paris Club writeoff
Updated on

The Democratic Republic of Congo is preparing to sell almost $1 billion of bonds on international markets for the first time next year to invest in projects that will help boost economic growth, Prime Minister Matata Ponyo said.

“We are in the process of working with external advisers to identify what is possible,” he said in an interview Thursday in the capital, Kinshasa, without naming the consultants. “We will try to raise just under $1 billion. It will allow us to mobilize funds to stimulate the economy through infrastructure investments.”