IMF urges DR Congo to make transparent all mining contracts
The Democratic Republic of Congo was warned by the International Monetary Fund to make its mining contracts fully transparent if it wanted to gain access any new aid programme.
The comments were made by the IMF’s representative in
Kinshasa Philippe Egoume as a years-long disagreement over the mineral-rich
country’s mining industry continues.
“We have a disagreement with the authorities, who prefer to
publish recent contracts but not the old ones,” Egoume said.
The DR Congo’s mining industry, which is beset by
corruption, is managed by Gécamines, the state-owned miner.
The IMF has previously suspended its programme with the DR
Congo due to what it said was a lack of transparency in Gécamines’ contracts.
“In our view, all the contracts should be published,” Egoume
added.
The extraction and export of the DR Congo’s minerals is
handled by joint-venture contracts between Gécamines and a number of foreign
businesses.
One of foreign partners of Gécamines is an Israeli
billionaire, Dan Gertler, who has been under U.S. sanctions since December 2017
for contracts which Washington says were obtained through “corruption and
misconduct”.
The IMF also urged the administration of President Felix
Tshisekedi to provide what it called a “realistic budget” for the coming year.
The government had forecast a budget of $11 billion in 2020, twice the amount
set for the previous year.
Egoume said it was too early to say how much money the next
IMF aid programme would involve.
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