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$100b Congo power play, page-37

  1. 2,357 Posts.
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    I think the plan is very grandiose and has good intentions behind it but the ruling elite may see this as another way to line their pockets even further.
    This article not even a year old does not paint the country's ruling elite in a good light.


    www.ganintegrity.com/portal/country-profiles/democratic-republic-of-the-congo/




    DR Congo Corruption Report

    Last updated:August 2020

    Snapshot

    Corruption in the Democratic Republic of the Congo is an endemic problem, and seriously hinders businesses operating in the country. It permeates all levels of government and all sectors of the economy, rendering the country’s investment climate as one of the least competitive in the world. Clientelism, rent-seeking, and patronage have decimated fair competition, particularly in the sectors of public procurement and extractive industries. Corruption has also impeded efforts to increase the transparency of government institutions. The ruling elite has a direct stake in the country’s economy, and often steer economic activities in accordance with their own personal opportunities. The Penal Code (in French) makes up the country’s anti-corruption legislation, yet the relevant laws are very poorly implemented, and government officials engaged in corruption with total impunity. The dysfunctional institutional framework has contributed to the spread of corruption, as well as inflating the country’s informal economy, further impairing competitiveness. Bribery is widespread, to the extent that businesses consider it a routine when carrying out operations.


 
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