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NEWS

World Bank Commits to Inga 3 and Major Projects in DR Congo

CategoryStories
TagsEnergy Access, Finance and Investment, Renewable Energy
Sourcehttps://theelectricityhub.com/world-bank-commits-to-inga-3-and-major-projects-in-dr-congo/
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  • The Democratic Republic of Congo and the World Bank have signed a series of financing agreements worth a total of $2 billion.
  • This financing comes as DR Congo continues to roll out reforms to attract investment, boost the economy, and accelerate development, despite ongoing security challenges.

The Democratic Republic of Congo (DR Congo) and the World Bank have signed a series of financing agreements worth a total of $2 billion.

The Congolese Ministry of Finance stated,“These agreements cover five strategic projects, including the development of the Inga 3 hydropower site, as well as initiatives in governance, infrastructure, digital transformation, and urban resilience.”

It added that the agreements are part of the government’s Action Program, designed to support national development priorities, improve institutional efficiency, and promote inclusive growth.

This financing comes as DR Congo continues to roll out reforms to attract investment, boost the economy, and accelerate development, despite ongoing security challenges.

To achieve these goals, the government is implementing a diversified financing strategy, combining public funds, private partnerships, and support from multilateral organisations to ensure the success of large-scale projects.

Through this new funding, the World Bank strengthens its cooperation with the Central African nation, focusing on major development programs.

The institution has already approved a new Country Partnership Framework (CPF) for DR Congo, covering the period from 2022 to 2026. This framework prioritises stronger governance and stability, with a focus on the eastern regions of the country.

According to the latest data from the institution, the World Bank’s total active portfolio in DR Congo stood at more than $7 billion as of March 31, 2025. This includes 18 national projects and two regional projects.

The World Bank’s commitments in DR Congo span multiple sectors, including economic management, governance, private sector development, human capital, and sustainable development.