Ministry of Finance and Budget
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Cooperation between France and Congo

It is the Minister of Planning, Statistics and Regional Integration of the Republic of Congo, Ingrid Olga Ghislaine Ebouka-Babackas, representing her colleague of Finance and Budget, Calixte Nganongo, on the one hand, and the French Ambassador to Congo, François Barateau, accompanied by the Director of the French Development Agency (AFD), Lionel Cafferini, on the other hand, who signed this Framework Agreement, Monday 18 November 2019 in Brazzaville.  This document will make available to Congo a fiscal support of 135 million Euros (or 88.5 billion F) over the period 2019-2021. 

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Meeting between FAGACE and Banks in Brazzaville

Calixte Nganongo, Congolese Mnister of Finance and Budget,  opened Friday, November 8, 2019 in Brazzaville, the work of the meeting on exchange and share of experience between the African Guarantee and Economic Cooperation Fund (FAGACE) and the Banks of Congo, in the presence of his colleague Adeleaïde Mougany, Minister of Small and Medium-Sized Enterprises, Handicraft and Informal Sector. The dscussions focused on the theme: “Financing the Economy of Congo: What role for FAGACE?” 

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Findings of IMF First Review in Congo

“Congo has made significant progress, but there is still a lot of additional progress that to be made”, Alex Segura-Ubiergo, Head of the IMF mission, said on the occasion of the return of findings of the first review of the Agreement signed with Congo, under the Extended Credit Faciclity (ECF) and consultations under Article 4. This mission stayed in Brazzaville from Thursday 24 October to Wednesday 6 November 2019. 

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Belgian Economic and Commercial Mission in Congo

From Friday 4 to Friday 11 October, a Belgian Economic and Commercial Mission is staying in Congo-Brazzaville, with the aim, not only to soak up investment opportunities in several areas, but also to possibly enter into public-private or private-private partnership (PPPs). The opening of this mission was chaired by Calixte Nganongo, the Congolese Minister of Finance and Budget, in Pointe-Noire on Saturday, October 5. 

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France offers 5 billion 247 million FCFA to finance the CEFA

The Minister of Finance and Budget, Calixte Nganongo and the French ambassador to Congo, François Barateau signed Friday 4 October 2019 in Brazzaville, a Donation Agreement, amounting to 8 million euros, or about 5 billion 247 million FCFA. This money will be used to finance education, training and learning centres (CEFA) in Congo, in their youth integration missions. 

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The kuwait Fund to Finance Agricultural Project in Congo

A memorandum of understanding, was signed, Friday, September 20, 2019 in Brazzaville, between the Congolese Government, represented by the Minister of Finance and Budget, Calixte Nganongo, and the Kuweit Fund, led by its Agricultural Advisor, Doctor Bahman.

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