Africa Financial Sector Responses to COVID-19 - Republic of the Congo

Jul 28, 2020

This page presents measures and initiatives by the Congolese government, national central bank and Development Finance Institutions (DFIs) in support of a resilient domestic financial sector facing the effects of the COVID-19 pandemic.

Disclaimer: This page contains information and links from third parties. These links are being provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by MFW4A.

Instrument

Institution

Financing volume

Description

Line of credit

BDEAC

USD 18 million

(August 25, 2020) The financing granted to Banque Postale du Congo is intended to support Congolese SMEs coping with the economic fallout of COVID-19.

Financial support measures for the private sector

Government

USD 150 million

(May 22, 2020) A relief fund of 100 billion CFA (USD 150 million) has been set up by the government to help local businesses cope with the crisis and overcome any financial difficulties they may encounter during this period.

 


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