Signature of a line of credit to RAWBANK
Signature of a line of credit to RAWBANK Signature of a line of credit to RAWBANK

Signature of a line of credit to RAWBANK

The Arab Bank for Economic Development in Africa (BADEA) and RAWBANK (Congo), signed today Tuesday, February 26, 2019, at BADEA’s Headwaters, a loan agreement which amounts to US $ 15 million to finance private sector projects Democratic Republic of Congo.

The line of credit aims to help the Bank to finance private sector projects in Congo by re-lending its resources to its customers.

The loan also aims to enhance the role of the private sector in the country's economic and social development, by contributing to the mobilization of the production and service sectors, creating job opportunities, providing and delivering various goods and services and supporting the country’s budget, through tax revenues which will enhance opportunities for economic growth and improve the living standards of the population.

H.E. Dr. Sidi Ould TAH, Director General, signed on behalf of BADEA, while Mr. Thierry TAEYMANS, Director General, President of the Committee signed for RAWBANK.

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