Dating du congo site
In the 1870s, just before the onset of the Scramble for Africa, European exploration of the Congo Basin was carried out, first led by Henry Morton Stanley under the sponsorship of Leopold II of Belgium.
Leopold formally acquired rights to the Congo territory at the Berlin Conference in 1885 and made the land his private property, naming it the Congo Free State.
Congolese nationalist Patrice Lumumba was elected the first Prime Minister, while Joseph Kasa-Vubu became the first President.
The Belgian Congo achieved independence on 30 June 1960 under the name Republic of the Congo.
The Country Partnership Framework for 2018 to 2022 is scheduled to be approved by the World Bank Board in early 2019.
This new World Bank engagement will align its ROC program more closely with the goals of ending extreme poverty (by 2030) and promoting shared prosperity through macroeconomic reform; through building resilience and human capital through supporting private sector development and economic diversification.
ROC’s recession (due to the plunge in oil revenues) emphasizes the importance of diversifying its economy and using its public resources more efficiently.
The World Bank will explore alternative funding mechanisms, such as collaboration with the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and through the use of public-private partnerships (PPPs) to fund large infrastructure projects.