Le gouvernement accorde 30 jours aux débiteurs du FPI pour rembourser 350 millions de dollars dus à lÉtat

• DRC's Acting Minister of Industry and Minister of Entrepreneurship and SME Development, Justin Kalumba Mwana-Ngongo, issued a 30-day ultimatum on August 3 for debtors of the FPI to settle their outstanding debts.
• The total amount owed to the Fonds de promotion de l'industrie (FPI) is approximately $350 million USD.
• Debtors must contact the FPI, make a partial payment, and can request a payment schedule for the remaining balance within the deadline.
• Failure to comply will result in files being forwarded to competent services for forced recovery, which the minister stated would be "merciless."
• The government aims to recover these funds to finance new industrial projects and end a "culture of gratuity" in public fund repayment.

At the expiration of this 30-day period, the government has warned that forced recovery actions will commence against all non-compliant debtors, with files being transferred to relevant authorities for the application of stringent measures.

On Monday, August 3, the Democratic Republic of Congo's Acting Minister of Industry and Minister of Entrepreneurship and SME Development, Justin Kalumba Mwana-Ngongo, announced a critical 30-day deadline for companies and individuals indebted to the Fonds de promotion de l'industrie (FPI). This directive mandates that all FPI débiteurs RDC 30 jours must promptly address their outstanding financial obligations, which collectively amount to nearly $350 million USD. The government's objective is to halt the persistent delays in the repayment of public funds disbursed by the FPI.

Minister Mwana-Ngongo urged all debtors to engage directly with the FPI within this specified period. The required actions include making contact with the fund, initiating a partial repayment of the sums owed, and, if necessary, negotiating a structured payment schedule for the remaining balance. This Congo FPI loan repayment ultimatum underscores a determined effort by the administration to reclaim vital resources.

The minister emphasized that the government is resolute in its commitment to enforce these repayment terms. He explicitly warned that failure to comply with the 30-day DRC FPI debt recovery deadline will trigger severe consequences. According to Justin Kalumba Mwana-Ngongo, any debtor who has not regularized their situation by the deadline will have their case files transferred to the appropriate government services for the implementation of decided measures.

At the expiration of this 30-day period, the government has warned that forced recovery actions will commence against all non-compliant debtors, with files being transferred to relevant authorities for the application of stringent measures. Minister Mwana-Ngongo stated unequivocally that the process of recouvrement forcé FPI Congo would be initiated, adding, "We will be merciless." He encouraged voluntary engagement with the FPI as a demonstration of good faith, noting that such proactive steps would help debtors avoid subsequent legal proceedings.

The substantial sum of nearly $350 million in outstanding FPI debt is deemed crucial for the nation's economic progress. Minister Mwana-Ngongo highlighted that these recovered funds are indispensable for financing new industrial projects across the country. Specifically, the resources from the Fonds de promotion de l'industrie recouvrement will be allocated to support feasibility studies and facilitate the establishment of new industrial units, thereby stimulating economic growth and job creation within the DRC.

This aggressive debt recovery initiative is part of a broader government strategy to enhance the mobilization of public resources and eradicate what the minister termed a "culture of gratuity" regarding the repayment of public funds. By ensuring accountability and timely repayment, the government aims to create a more sustainable financial ecosystem to underpin and accelerate industrial development throughout the Democratic Republic of Congo.

Lawyers and compliance officers in the DRC must immediately advise clients who are debtors to the FPI to contact the fund within 30 days to negotiate repayment terms, as the government is signaling strict enforcement and impending forced recovery actions after the deadline.

Source: Original reporting via local media outlets.