Rwanda & DRC Set to Commit to Working With Third Parties to Revamp Mineral Supply Chains & Develop Reforms: Reports
Rwanda & DRC Set to Commit to Working With Third Parties to Revamp Mineral Supply Chains & Develop Reforms: Reports
Both countries have agreed on the draft economic framework tied to a broader peace deal and are currently discussing it with stakeholders, Western media reported, citing sources.
A final agreement is reportedly expected in early October, leading to a formal signing by heads of state. The 17-page framework builds on an August outline and follows a peace deal signed in Washington.
The deal aims to:
🟠end the fighting,
🟠attract foreign investment to the region's rich mineral resources.
The draft framework outlines implementation measures and coordination mechanisms for cooperation on:
🟠energy,
🟠infrastructure,
🟠mineral supply chains,
🟠national parks,
🟠public health.
The draft pledges collaboration with international partners to:
🟠develop regulatory reforms,
🟠de-risk private sector investment,
🟠reduce illicit trade,
🟠increase transparency.
Measures include:
🟠adopting external transparency mechanisms, such as OECD guidance,
🟠third-party mine site inspections,
🟠working with private sector partners to develop cross-border special economic zones.
Coordination mechanisms include an annual high-level summit and meetings of a steering committee and technical working groups.
AI-generated image
Subscribe to @sputnik_africa
