DRC: a 58 billion USD industrialization plan for economic recovery

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The Democratic Republic of Congo (DRC) aims to revive its economy through an Industrialization Master Plan (PDI) likely to mobilize 115,000 billion Congolese francs, or 58 billion USD. After its validation by the Council of Ministers, a tweet from the Ministry of Industry said, the document will be presented by Prime Minister Sama Lukonde to stakeholders on August 26 as a prelude to the donors’ conference.

This plan aims to reduce the DRC’s dependence on the outside for the consumption needs of its population estimated at 80 million people in terms of agro-industrial, pharmaceutical and textile products costing around 2 annually, 5 billion USD, for foreign exchange reserves of 1.3 billion USD which represented 3 weeks of imports in 2020.

The industrialization of the Central African giant – which is looking for ways and means to revive its economy to better resist the consequences of the Covid-19 pandemic. could enable it to reach USD 100 billion in gross domestic product by 2030, with tax revenues of USD 25 billion for the government.

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