The Committe in charge of the restructuring and clearance of the domestic debt, led by Bernard Ngazo, Adviser to the National Financial Institutions and Currency at the Ministry of Finance and Budget, held a press breifing, Thursday 14 November 2019 in Brazzaville. The participants discussed on securitization as a clearance mechanism of this debt proposed by the State.

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?” 

“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. 

The Directorate General of National financial institutions (DGIFN) of the Ministry of Finance and Budget held, Wednesday, October 30, 2019, in Brazzaville, the Annual consultation meeting with the leaders of the microfinance sector in the Republic of Congo.  

The Minister of Finance and Budget, Calixte Nganongo, presented, Wednesday 30 October 2019, to the Members of Parliament, the draft finance bill of the State for the 2020 financial year, which amounted to 2175 billion 384 million in revenue, and to 1679 billion 423 million FCFA in expenditure, generating a positive fiscal balance of 495 billion 961 million FCFA. 

The consultation meeting between the Ministry of Finance and Budget, and the Specialists in Treasury Security (STS) approved for the Republic of Congo, was held on Thursday, October 24, 2019 in Brazzaville, under the patronage of Henri Loundou, representing Calixte Nganongo, Ministry of Finance and Budget. 

The Director of Information Systems of the Ministry of Finance and Budget, Guy Noël Londongo, launched Thursday October 24, 2019, in Pointe-Noire, the Electronic Payment Platform of duties and taxes, called E-Pay. 

Scheduled from Tuesday 22 to Thursday 31 October 2019 in the economic capital of the Republic of Congo, this training is based on new functionalities such as Production sharing, insertion of oil costs, Surface fee and Web mail (communication element with focal points within oil companies), Trade Agreeements, Special Agreements, etc. 

Monday 21 October 2019 in Pointe-Noire, the director of information systems of the Ministry of Finance and Budget, Guy Noël Londongo, opened the workshop-assessment of the first modules of the State Debt Payment Tracking System (SYSPACE), coupled with the training of oil companies' agents to the new modules of this platform.

Since Friday 4 October 2019, an EITI mission has been in Congo-Brazzaville. For one week, it will help the country prepare the second validation of its Report, scheduled for the end of current year.