The Democratic Republic of Congo is preparing to sell almost $1 billion (R15.06bn) 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 on Thursday in the capital, Kinshasa, without naming the consultants.
“We will try to raise just under $1bn. It will allow us to mobilise funds to stimulate the economy through infrastructure investments.” The funds will be allocated only to projects that have the potential to expand the economy and will not go toward recurrent expenditure, Ponyo said.
The country is rebuilding after being shattered by two civil wars. –
Bloomberg