June 6, 2023

The misunderstanding between the Presidency of the Republic and the World Financial institution concerning the dissolution of the DRC Social Fund (FSRDC) has been dispelled, stories a press launch from the presidential communication unit, obtained by Radio Okapi on Thursday 18 Might.

After the assembly between the World Financial institution and the workplace of the Head of State, Felix Antoine Tshisekedi with reference to the dissolution of the FSRDC, the misunderstanding between the 2 establishments is over.

“We’ve got dispelled any misunderstanding on this topic”, declared the chief of employees of the President of the Republic, Guylain Nyembo.

“The restructuring of the FSRDC was guided by the only concern to adjust to the Structure and the legal guidelines of the Republic”, he defined.

Based on the press launch from the Presidency, the World Financial institution is lastly reassured by the reform of this public establishment.

This misunderstanding was based mostly on the truth that the DRC Social Fund was for the World Financial institution the entity chargeable for the execution of three tasks with a complete envelope of 1.04 billion US {dollars}, particularly:

-the Gender-Based mostly Violence Prevention and Response Challenge for 100 million US {dollars}
-the Jap DRC Stabilization Challenge for Peace, for $695 million
– the Jap Stabilization and Restoration Challenge for 250 million US {dollars}.

Based on the World Financial institution, a complete of 616,380 beneficiaries can be instantly impacted by this dissolution of the FSRDC.

For its half, the Congolese celebration, represented by the Chief of Workers of the Head of State, reassured the World Financial institution on the authorized motivations of this reform initiated since 2008.

The World Financial institution has taken be aware of this restructuring.

“Now that every part is evident, the 2 events, who had already anticipated discussions on the problem, will collectively set up the phrases of the transitional interval to calmly proceed the operations in progress”, specifies the identical supply.

The World Financial institution had reacted to the ordinance of the Head of State of Might 4, which introduced the dissolution of the Social Fund for the DRC and which arrange one other construction.

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