Topic: Sustainable Economic Policy
Country: Democratic Republic of the Congo
Delegate Name: Ben Velarde
School: Grand Blanc High School
Topic page: background guide and all position papers All Democratic Republic of the Congo position papers GLIMUN 2015 committees
The Democratic Republic of the Congo’s economy has been doing well ever since 2010 after peace had been mostly established and the World Bank and the IMF approved a debt relief plan. Although the GDP has been increasing steadily a sustainable economic plan requires infrastructure development to help bring diversity to the economy. Our country has the potential to be very wealthy and the only barrier remaining is the structural makeup of this country. Financial aid has been granted before, it worked and continues to work improving the Democratic Republic of the Congos financial state.
Currently the country has many riches, there are rich deposits of minerals, large rivers, huge forests, and a sizeable agricultural sector. The only problem is accessing these resources and making them accessible to employees. Along with roads sustainable energy is necessary to build affordable living in urban areas. As a result of the roads, schools would be more accessible ultimately producing higher wage jobs by increasing the skilled labor force. A recent project from the African Development Bank aimed to harness the hydropower from the Congo river, the $10 billion investment would transform the inefficient site existing to help supply energy for the whole country. There are many things that could be done to build infrastructure.
Spending on infrastructure, yearly, has equalled about 10% of the GDP but that is not enough. To keep from falling into debt financial aid needs to be granted by the IMF and the World Bank, as well as regional banks like the African Development Bank. These aids should be aimed at debt relief and foreign corporate investment so as not to create a system where We are owned by a handful of corporations. These solutions could help bring about a developed nation in a region where stability is needed. The DRC sets a strong example in terms of real GDP growth and it is time that wealth reflected the quality of living and the country was stabilized.
