1. What We Do

DR Congo Private Sector Development and Competitiveness Project

Abstract*

The Private Sector Development and Competitiveness Project for Congo aims to increase the competitiveness of the economy, and thereby contribute to economic growth. The project will achieve these objectives by assisting with improving the investment climate; by supporting reform of public enterprises in the mining, telecoms, financial, transport, and energy sectors; by stimulating economic diversification and development in the Katanga region through...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The objective of the Project is to support the Borrower#s policy of the promotion of private-sector led growth through: (a) improving the investment climate; (b) supporting parastatal reform in the telecommunications, energy, finance, transport, and mining sectors; and (c) improving mining competitiveness in the Katanga region of the Borrower.

Key Details

Project Details

  • P071144

  • Closed

  • Steven R. Dimitriyev

  • N/A

  • Congo, Democratic Republic of

  • January 23, 2003

  • (as of board presentation)

    July 29, 2003

  • December 2, 2003

  • US$ 180.00 million

  • B

  • Not Applicable

  • June 30, 2014

  • BANK APPROVED

  • January 6, 2015

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - ICT InfrastructureFY17 - Banking InstitutionsFY17 - MiningFY17 - Social ProtectionFY17 - Urban Transport

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Grant 60.00
Borrower/Recipient 3.83
IDA Credit 120.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 180.00
IBRD + IDA Commitment 180.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 183.83

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of June 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Apr 23, 2014 IDA-38150 Loan Disb 203,450.12
Jun 5, 2014 IDA-H3660 Loan Disb 86,201.17
May 1, 2014 IDA-38150 Int Charges 17,188.15
May 1, 2014 IDA-38150 Loan Repay 1,147,364.60
May 1, 2014 IDA-38150 Loan Repay 21,342.43
May 1, 2014 IDA-38150 Int Charges 416,031.62
May 1, 2014 IDA-38150 Int Charges 416,031.62
May 1, 2015 IDA-38150 Loan Repay 13,916.25
May 1, 2015 IDA-38150 Int Charges 296,007.56
May 1, 2015 IDA-38150 Loan Repay 989,276.44
May 1, 2015 IDA-38150 Int Charges 69,906.70
May 1, 2015 IDA-38150 Int Charges 69,906.70
May 1, 2015 IDA-38150 Int Charges 296,007.56
Dec 4, 2014 IDA-38150 Loan Cancel 5,608,225.00
Feb 6, 2015 IDA-H3660 Loan Cancel 5,626,760.00
Mar 26, 2015 IDA-38150 Loan Cancel 538,505.56
Nov 1, 2015 IDA-38150 Int Charges 356,454.97
Nov 1, 2015 IDA-38150 Loan Repay 1,009.29
Nov 1, 2015 IDA-38150 Loan Repay 413,802.06
Nov 1, 2015 IDA-38150 Loan Repay 575,341.30
Nov 1, 2015 IDA-38150 Int Charges 356,454.97
Nov 1, 2016 IDA-38150 Loan Repay 460,772.94
Nov 1, 2016 IDA-38150 Loan Repay 73,639.06
Nov 1, 2016 IDA-38150 Int Charges 32,903.02
Nov 1, 2016 IDA-38150 Int Charges 32,903.02
May 1, 2016 IDA-38150 Loan Repay 29,830.35
May 1, 2016 IDA-38150 Loan Repay 807,480.20
May 1, 2016 IDA-38150 Int Charges 260,703.88
May 1, 2016 IDA-38150 Int Charges 260,703.88
May 1, 2016 IDA-38150 Int Charges 63,355.18
May 1, 2016 IDA-38150 Int Charges 63,355.18
May 1, 2016 IDA-38150 Loan Repay 10,594.57
May 1, 2016 IDA-38150 Loan Repay 156,750.34
Nov 3, 2016 IDA-38150 Loan Repay 371,317.62
Nov 3, 2016 IDA-38150 Loan Repay 72,667.19
Nov 3, 2016 IDA-38150 Int Charges 345,665.60
Nov 1, 2014 IDA-38150 Int Charges 5,618.57
Nov 1, 2014 IDA-38150 Int Charges 5,618.57
Nov 1, 2014 IDA-38150 Loan Repay 1,112,571.60
Dec 4, 2014 IDA-38150 Loan Disb -2,851,478.50
Oct 6, 2014 IDA-H3660 Loan Disb 2,183,923.00
Nov 4, 2013 IDA-H3660 Loan Disb 474,001.20
Nov 1, 2013 IDA-38150 Int Charges 50,595.25
Nov 1, 2013 IDA-38150 Int Charges 50,595.25
Nov 1, 2013 IDA-38150 Int Charges 349,171.22
Nov 1, 2013 IDA-38150 Int Charges 349,171.22
Aug 8, 2013 IDA-H3660 Loan Disb 1,063,279.00
Nov 1, 2013 IDA-38150 Loan Repay 1,152,774.90
Jul 25, 2013 IDA-H3660 Loan Disb 1,334,562.90
Nov 1, 2014 IDA-38150 Int Charges 397,086.47
Nov 1, 2014 IDA-38150 Int Charges 397,086.47
Nov 1, 2014 IDA-38150 Int Charges 1,735.60
Nov 1, 2014 IDA-38150 Int Charges 1,735.60
Nov 24, 2014 IDA-H3660 Loan Disb -350,606.88
Oct 15, 2013 IDA-38150 Loan Disb 112,364.62
Nov 1, 2013 IDA-38150 Int Charges 761.22
Feb 3, 2014 IDA-H3660 Loan Disb 35,912.43
Dec 19, 2013 IDA-H3660 Loan Disb 449,390.12
Dec 19, 2013 IDA-38150 Loan Disb 253,683.84
Jan 31, 2014 IDA-38150 Loan Disb 100,387.06
Dec 19, 2013 IDA-38150 Loan Disb 371,396.25
Oct 9, 2013 IDA-H3660 Loan Disb 418,743.30
Nov 1, 2013 IDA-38150 Loan Disb 182,405.30
Oct 10, 2013 IDA-H3660 Loan Disb 529,395.56
Feb 25, 2014 IDA-38150 Loan Disb 212,085.20
Feb 25, 2014 IDA-H3660 Loan Disb 195,960.34
May 1, 2014 IDA-38150 Int Charges 17,188.15
Mar 24, 2014 IDA-H3660 Loan Disb 65,959.68
Feb 28, 2014 IDA-H3660 Loan Disb 402,418.53
Mar 17, 2014 IDA-38150 Loan Disb 167,320.56
Dec 5, 2013 IDA-H3660 Loan Disb 406,004.12
Nov 1, 2013 IDA-38150 Int Charges 761.22
Oct 15, 2013 IDA-38150 Loan Disb 99,015.05
Feb 12, 2015 IDA-38150 Loan Disb -51,372.57
Feb 12, 2015 IDA-38150 Loan Disb -490,846.88
Nov 2, 2023 IDA-38150 Loan Repay 1,579,398.20
Nov 2, 2023 IDA-38150 Int Charges 8,675.82
Nov 2, 2023 IDA-38150 Int Charges 8,675.82
Nov 2, 2023 IDA-38150 Loan Repay 283,226.06
Nov 2, 2023 IDA-38150 Int Charges 285.78
May 16, 2023 IDA-38150 Int Charges 9.97
May 16, 2023 IDA-38150 Int Charges 9.97
May 16, 2023 IDA-38150 Int Charges 10,417.59
May 16, 2023 IDA-38150 Int Charges 10,417.59
May 16, 2023 IDA-38150 Loan Repay 935,068.40
May 16, 2023 IDA-38150 Int Charges 269,959.94
May 16, 2023 IDA-38150 Int Charges 269,959.94
May 1, 2023 IDA-38150 Loan Repay 17,244.39
Apr 22, 2008 IDA-H3660 Loan Commitment 60,000,000.00
Jul 29, 2003 IDA-38150 Loan Commitment 120,000,000.00
May 1, 2024 IDA-38150 Loan Repay 26,456.25
May 3, 2024 IDA-38150 Loan Repay 1,847,352.40
May 3, 2024 IDA-38150 Int Charges 39.03
May 3, 2024 IDA-38150 Int Charges 39.03
May 3, 2024 IDA-38150 Int Charges 33,364.93
May 3, 2024 IDA-38150 Int Charges 33,364.93
May 3, 2024 IDA-38150 Int Charges 240,700.48
May 3, 2024 IDA-38150 Int Charges 240,700.48
May 1, 2021 IDA-38150 Int Charges 324,450.03
May 1, 2021 IDA-38150 Int Charges 324,450.03
May 1, 2021 IDA-38150 Int Charges 12,239.96
May 1, 2021 IDA-38150 Int Charges 12,239.96
May 1, 2021 IDA-38150 Loan Repay 1,017,882.30
May 1, 2021 IDA-38150 Int Charges 673.58
May 1, 2021 IDA-38150 Int Charges 673.58
Dec 3, 2020 IDA-38150 Int Charges 316,192.16
Dec 3, 2020 IDA-38150 Int Charges 316,192.16
Dec 3, 2020 IDA-38150 Loan Repay 1,010,897.50
Dec 3, 2020 IDA-38150 Int Charges 381.90
Dec 3, 2020 IDA-38150 Int Charges 381.90
May 1, 2022 IDA-38150 Loan Repay 0.30
May 1, 2022 IDA-38150 Loan Repay 12,797.37
May 16, 2022 IDA-38150 Loan Repay 932,203.10
May 16, 2022 IDA-38150 Int Charges 59.01
May 16, 2022 IDA-38150 Int Charges 59.01
May 16, 2022 IDA-38150 Int Charges 56,380.67
May 16, 2022 IDA-38150 Int Charges 56,380.67
May 16, 2022 IDA-38150 Int Charges 237,717.40
May 16, 2022 IDA-38150 Int Charges 237,717.40
Nov 4, 2021 IDA-38150 Loan Repay 998,433.44
Nov 4, 2021 IDA-38150 Int Charges 10,411.51
Nov 4, 2021 IDA-38150 Int Charges 10,411.51
Nov 4, 2021 IDA-38150 Int Charges 304,308.84
Nov 4, 2021 IDA-38150 Int Charges 304,308.84
Nov 1, 2022 IDA-38150 Int Charges 280,242.72
Nov 1, 2022 IDA-38150 Int Charges 280,242.72
Nov 3, 2022 IDA-38150 Loan Repay 226,796.56
Nov 1, 2022 IDA-38150 Loan Repay 625,073.44
Nov 1, 2022 IDA-38150 Int Charges 280.98
Nov 1, 2022 IDA-38150 Int Charges 280.98
Nov 1, 2022 IDA-38150 Loan Repay 57,261.74
Nov 2, 2023 IDA-38150 Int Charges 285.78
Nov 2, 2023 IDA-38150 Int Charges 279,393.62
Nov 2, 2023 IDA-38150 Int Charges 279,393.62
May 7, 2019 IDA-38150 Int Charges 311,261.06
May 7, 2019 IDA-38150 Int Charges 311,261.06
Nov 7, 2018 IDA-38150 Int Charges 20,003.27
Nov 7, 2018 IDA-38150 Int Charges 20,003.27
Nov 7, 2018 IDA-38150 Loan Repay 975,439.40
Nov 7, 2018 IDA-38150 Int Charges 40.45
Nov 7, 2018 IDA-38150 Int Charges 40.45
Nov 1, 2018 IDA-38150 Loan Repay 11,423.12
Nov 9, 2018 IDA-38150 Int Charges 311,352.97
Nov 9, 2018 IDA-38150 Int Charges 311,352.97
May 3, 2018 IDA-38150 Int Charges 126.85
Nov 1, 2019 IDA-38150 Loan Repay 631,901.80
Nov 1, 2019 IDA-38150 Loan Repay 33,726.47
Nov 1, 2019 IDA-38150 Loan Repay 8,363.18
May 1, 2019 IDA-38150 Loan Repay 10,395.92
May 7, 2019 IDA-38150 Loan Repay 971,796.25
May 7, 2019 IDA-38150 Int Charges 121.34
Nov 14, 2019 IDA-38150 Int Charges 185,951.73
Nov 14, 2019 IDA-38150 Int Charges 185,951.73
Nov 14, 2019 IDA-38150 Loan Repay 302,500.06
Nov 14, 2019 IDA-38150 Int Charges 120.30
Nov 14, 2019 IDA-38150 Int Charges 120.30
Nov 14, 2019 IDA-38150 Int Charges 127,562.75
Nov 14, 2019 IDA-38150 Int Charges 127,562.75
Nov 1, 2020 IDA-38150 Loan Repay 7,385.14
May 19, 2020 IDA-38150 Loan Repay 967,895.20
May 19, 2020 IDA-38150 Int Charges 81.52
May 19, 2020 IDA-38150 Int Charges 81.52
May 19, 2020 IDA-38150 Int Charges 315,775.78
May 19, 2020 IDA-38150 Int Charges 315,775.78
May 19, 2020 IDA-38150 Int Charges 7,435.42
May 19, 2020 IDA-38150 Int Charges 7,435.42
Nov 1, 2021 IDA-38150 Loan Repay 679.52
Nov 3, 2016 IDA-38150 Int Charges 345,665.60
Nov 7, 2017 IDA-38150 Loan Repay 8,374.06
Nov 7, 2017 IDA-38150 Int Charges 342,429.25
Nov 7, 2017 IDA-38150 Int Charges 342,429.25
Nov 7, 2017 IDA-38150 Int Charges 20,509.34
Nov 7, 2017 IDA-38150 Int Charges 20,509.34
Nov 7, 2017 IDA-38150 Loan Repay 984,174.44
May 1, 2017 IDA-38150 Int Charges 318,476.78
May 1, 2017 IDA-38150 Int Charges 318,476.78
May 1, 2017 IDA-38150 Loan Repay 14,152.12
May 1, 2017 IDA-38150 Loan Repay 719.27
May 1, 2017 IDA-38150 Int Charges 18.31
May 1, 2017 IDA-38150 Int Charges 18.31
May 1, 2017 IDA-38150 Loan Repay 955,837.90
May 3, 2018 IDA-38150 Int Charges 126.85
May 3, 2018 IDA-38150 Loan Repay 998,191.00
May 3, 2018 IDA-38150 Int Charges 24,958.74
May 3, 2018 IDA-38150 Int Charges 24,958.74
May 1, 2018 IDA-38150 Int Charges 3,718.49
May 1, 2018 IDA-38150 Int Charges 3,718.49
May 1, 2018 IDA-38150 Loan Repay 16,572.72
May 3, 2018 IDA-38150 Int Charges 317,606.70
May 3, 2018 IDA-38150 Int Charges 317,606.70
May 7, 2019 IDA-38150 Int Charges 121.34
May 7, 2019 IDA-38150 Int Charges 16,540.94
May 7, 2019 IDA-38150 Int Charges 16,540.94
Mar 26, 2015 IDA-38150 Loan Disb -3,326.00
Jun 24, 2014 IDA-38150 Loan Disb -427,285.00
Apr 23, 2014 IDA-H3660 Loan Disb 76,585.12
Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Moderately Satisfactory 2014-06-29
Monitoring and Evaluation Moderately Satisfactory 2014-06-29
Counterpart Funding Moderately Satisfactory 2014-06-29
Financial Management Satisfactory 2014-06-29
Overall Implementation Progress (IP) Moderately Satisfactory 2014-06-29
Procurement Moderately Satisfactory 2014-06-29
Project Management Satisfactory 2014-06-29

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 01-09-2015
OutcomesModerately Satisfactory
Risk to Development OutcomeModest
Bank PerformanceModerately Satisfactory
Borrower PerformanceModerately Satisfactory
Government PerformanceModerately Satisfactory
Implementing AgencySubstantial

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 04-27-2015PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeSignificantN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceModerately SatisfactoryN/a
Government PerformanceModerately SatisfactoryN/a
Implementing AgencyModerately SatisfactoryN/a
Icr QualitySatisfactoryN/a
M&e QualityModestN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Increased FDIs in the mining, transport, energy, telecom and financial sectors.ValueUS$200m annuallyAchieved. Over $3.3 billion in 2012 and rising. NoUS$1bn annually
    DateJuly 2, 2003June 4, 2014December 31, 2011
    CommentTarget largely achieved, except when hit by acute external shocks such as in 2009-10
  • Return on assets for targeted SOEs (SNEL, SNCC, RVA, OCPT, City Train, Gecamines, LAC) from -21% to 2% by end of projectValue-21%Non-measurable due to lack of data and continuing 2%
    DateJuly 2, 2003June 4, 2014December 31, 2011
    Comment
  • Increased net fiscal contribution from parastatals.Value0Achieved. New report for 2012 shows $10.7 million,US$10m annually.
    DateJuly 2, 2003June 4, 2014December 31, 2011
    Comment
  • Total domestic credit to private sector increase to 4.8% of GDP by 2011Value2006: 2.9%Achieved. 18.11% in 2012, from 13.26% in 2011, and4.8% in 2011
    DateDecember 31, 2006June 4, 2014December 31, 2011
    Comment
  • Total savings (M3) in financial sector increase to 10.4% of GDP by 2011Value2006: 6.3%Achieved. 33.92% in 2012, from 26.84% in 2011 and 10.4% in 2011
    DateDecember 31, 2006June 4, 2014December 31, 2011
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • By July 2009, inventories of SNCC assets and liabilities are completed.ValueNo inventory availableAchievedBy July 2009, inventories of SNCC assets and liabi
    DateDecember 31, 2007June 4, 2014July 31, 2008
    CommentComplicated by the unfinished liquidation of the predecessor company SNCZ.
  • By April 2010, an agreement on the settlement of public debts of SNCC has been reached, commercial debts are identifiedValueNo reliable financial information availableAchievedBy April 2010, an agreement on the settlement of p
    DateDecember 31, 2007June 4, 2014April 30, 2010
    Comment
  • 10,000 Gecamines workers retrenchedValueRetrenchment plan not completedAchieved10,000 Gecamines workers retrenched
    DateDecember 31, 2002June 4, 2014December 31, 2009
    CommentTarget met in 2004.Done
  • By April 2010, the required retrenchment program at SNCC has been completed.ValueInitial retrenchment plan not completedAchievedBy April 2010, the required retrenchment program a
    DateDecember 31, 2007June 4, 2014April 30, 2011
    CommentRetrenchment program had to be reformulated as a purely retirement program, with a new requirement for government co-financing ofall salary arrears. Union agreement had to be renegotiated in April 2010. Now awaiting funding from the project, once itsrestructuring/reallocation is completed by April 2011.Depends on when the Multimodal Transport Project becomes effective, now scheduled for April 2011
  • ATI: Issuance of Insurance Contracts of $10,000,000 by Y3 and $100,000,000 by Y6.Value0Achieved regularly. No 2013 data yetIssuance of Insurance Contracts of $10,000,000.
    DateAugust 16, 2004June 4, 2014December 31, 2010
    CommentTarget achieved
  • Legal gazette regularly published and available onlineValueLegal gazette not regularly publishedAchieved regularlyLegal gazette regularly published and available on
    DateDecember 31, 2003June 4, 2014December 31, 2011
    CommentTarget achieved
  • Number of days to create a company reduced by 50% between 2006 and 2011Value2006: 155 daysAchieved. New one-stop shop implemented, claims 3 2011: 78 days
    DateDecember 31, 2006June 4, 2014December 31, 2011
    CommentTarget largely achieved, while work continues on Single Window (one stop shop) that can process in 3 daysTarget largely achieved, with further improvement expected
  • By end 2010, the commercial courts in Kinshasa and Lubumbashi render an average of 50 judgments per year, and the new commercial courts are operationalValueCommercial courts in Gombe and Matete (Kinshasa) aAchieved. 2012 data says 430 judgments, vs 524 in 50 judgments by end 2011
    DateDecember 31, 2007June 4, 2014December 31, 2011
    CommentNew courts have been added in 5 other cities
  • OHADA Commission created within 6 months of OHADA ratification and operational within one yearValueOHADA treaty not yet ratifiedAchievedOHADA Commission operational
    DateDecember 31, 2007June 4, 2014December 31, 2011
    CommentNational OHADA Commission was already inaugurated in April 2010.
  • By end of project, the microfinance sector reaches around 300,000 clients in DRCValue100,000 (estimate)Achieved. 2012 report shows over 1 million clients300,000
    DateDecember 31, 2007June 4, 2014December 31, 2011
    Comment
  • Commercial banks compliance with key prudential norms is satisfactoryValueInformation not availableAchievedAll banks respect key prudential ratios
    DateDecember 31, 2007June 4, 2014December 31, 2011
    CommentFSAP will examine in detail in 2013.
  • New privatization laws promulgatedValueLaws not yet promulgatedAchievedNew privatization laws promulgated
    DateDecember 31, 2003June 4, 2014December 31, 2009
    CommentTarget met in 2008, and reinforced by decrees in 2009.Done
  • All targeted SOEs have some private sector involvement, either through PPP, management contract or other arrangementValueNo private sector participationAchieved in 5 of 7 strategic SOEs. Other sector prAll targeted SOEs have some private sector involve
    DateDecember 31, 2002June 4, 2014December 31, 2011
    Comment
  • By July 2010, a restructuring strategy acceptable to IDA for SNCC is approved by the Government (includes the identification and implementation of the most suited divestiture method)ValueNo restructuring strategy for SNCCAchievedBy July 2010, a restructuring strategy acceptable
    DateDecember 31, 2007June 4, 2014July 31, 2010
    CommentRestructuring strategy approved by government in March 2010, to be supported by Multimodal Transport Project approved by Board onJune 29, 2010, in tandem with this project.Done