World Bank suspends Sh137.3bn worth of project funding in DRC

DR Congo President Felix Tshisekedi.

DR Congo President Felix Tshisekedi. PHOTO | LUDOVIC MARIN | AFP

The World Bank has suspended funding for humanitarian and development projects in the Democratic Republic of Congo worth more than Sh137.3 billion ($1 billion) after the government dissolved the project fund without warning, the lender said.

The suspension will affect more than 600,000 beneficiaries, including victims of sexual violence, the World Bank told Congo's finance minister last week in a letter seen by Reuters. A World Bank spokesperson confirmed its authenticity.

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