CONGOLESE FINANCIAL SYSTEM AND THE FINANCING OF ECONOMIC ACTIVITIES IN THE DEMOCRATIC REPUBLIC OF CONGO
The financial systems of Sub-Saharan African countries, including the Democratic Republic of Congo, are shallow and poorly developed. They rely mainly on a weak and concentrated banking sector, offering mostly short-term financing. The financial markets of Sub-Saharan African countries, including the Democratic Republic of Congo, are embryonic with bond markets dominated by the issuance of sovereign bonds and stock markets reserved for a few large companies. Governments and the international community have a major role to play in developing and deepening the financial systems of sub-Saharan African countries and thereby maximize the contribution of private domestic resources to development finance: governments, by limiting the uncertainties associated with regulation, by building institutions and infrastructure to promote agent trust and market efficiency and by promoting competition and the integration of financial systems into the global market, and the international community, by accompanying reforms, providing technical assistance and capacity-building services, or by supporting companies in the sector. Any reflection on the link between finance and growth comes up against three major difficulties. The first is to define and measure "financial development". The second consists in unraveling the web of causalities obviously crossed between the development of financial systems and growth. The third relates to the definition of appropriate public policies, which are likely to find a satisfactory balance between market imperfections, which can result in extremely serious crises, and the costs of inappropriate regulatory policies, but also to guide the financial development for maximize the impact on long-term growth.
• COLLIN A., Dictionary of Banks and Stock Exchanges, Paris, ed. Bordas, p.1991
• DUNOD, Dixeco of Economy, 5th ed. explicit, 2002.
• MASSANGU MULONGO, Sanitation of the Congolese Financial System, CBC, 2004
• MASSANGU MULONGO, The Structuring of the Congolese Financial System, CBC, 2004
• MULUMBA M., Commercial Banks Facing Structural Changes in the Zairean Economy, PUZ, IRES, UNIKIN
• TROUSER H., Bank Credit Financing, Ed.PUF, 1980.
• BOLALUETE M., Financial Institutions in Congo, L2 EMI, UNIKIN, 1998.
• KABAMBA N., Monetary Economics, Ed. CERPA, Kinshasa, DRC, 2006.
• MABI M., Monetary Theory, L1 Economics, UNIKIN, 2006.
Copyright (c) 2018 Journal of Advance Research in Business Management and Accounting (ISSN: 2456-3544)
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
1. Author(s) accepted that the all authors contributed to the work and take public responsibility for published work. All authors have seen and approved the manuscript as submitted.
2. The author(s) hereby grants and assigns to JIAATS Journal all rights to his/her/their work. Therefore, JIAATS Journal will have the right to print, publish, and sell the work throughout the world.
3. I/We assure that the work does not violate any proprietary or personal rights of others and that the work is factually accurate and contains no matter libelous or otherwise illegitimate.
4. I/We further confirm that this article has not been published elsewhere, nor is it under consideration by any other publisher.
5. I/We hereby assign and transfer to the JIAATS Journal copyright and all right under it.
6. I/we agree to the terms that the JIAATS Journal will have to full right to remove the published article on any misconduct found in the published article.