DRC: Government borrows 9.75 million USD on the local market

The government of the DR Congo issued on February 16, 2021, Treasury bills which enabled it to borrow 19.5 billion FC (9.75 million USD) through these three-month financial securities served at two bidders at an interest rate of 26%. With the three batches of Treasury bills launched at the beginning of February 2021, the government raised FC 43.06 billion (USD 21.53 million) out of the FC 60 billion envisaged, while in January, it only raised 6 billion FC (3 million USD) out of the 40 billion FC targeted, ie an achievement rate of only 15%.