Congo’s Debut Eurobond to Help Diversify Economy, Minister Says

The Democratic Republic of Congo will use the proceeds of its debut bond sale to invest in hydropower and transport infrastructure, part of an effort to diversify the resource-rich Central African nation, Finance Minister Doudou Fwamba Likunde said.

Congo raised $1.25 billion from its first sale of dollar-debt earlier this month, after years of efforts to stabilize the economy and rebuild credibility with international lenders. The country has worked closely with the International Monetary Fund, completing a major loan program for the first time in 2024.