Political and economic progress in the DRC is the catalyst for unlocking the country's vast natural resources
Since the mid-1980s, the gold industry has developed over a dozen new mines in the African nations of Ghana, Guinea, Mali and Tanzania. Mining investment and development in these countries has grown along with fiscal and political reform.
Though one of the richest natural resource countries in Africa, the DRC missed these early developments due to political uncertainty. However, this is changing as political stability returns to the country. Today, the DRC resembles Ghana in the 1980s and Tanzania in the 1990s, when both nations were in the early stages of mining development.
In 2003, the DRC implemented a new mining code with the support of the World Bank. This has led to a revival of interest in the country by several major and junior international mining and exploration companies. Meanwhile, World Bank, IMF, USAID, and Paris Club, as well as the European Union and South Africa, have committed billions of dollars to social and economic recovery in the country.
In 2006, the country held its first democratic elections in over 40 years, electing Joseph Kabila to the position of President and electing a new Parliament and new state governors and legislatures.
Banro supports the efforts of the Congolese people and government as they work toward the economic, social and political recovery of the DRC.
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