Rwanda and the Democratic Republic of Congo will commit to working with third parties, including the US, to revamp their mineral supply chains and develop reforms, according to a draft of an economic framework seen by reporters, as they seek to spur investment following a peace deal reached in Washington.
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The countries agreed on the draft framework, which is part of the peace deal, a source familiar with the matter said, adding that the draft was now being discussed by stakeholders, including the private sector, multilateral banks and some donor agencies of other countries.
Congo and Rwanda are likely to meet in early October to finalise the framework, the source added. It would be signed by heads of state at a later date. The 17-page framework comes after the countries signed a peace deal in Washington in June at talks held by US President Donald Trump’s administration.
The deal aims to end fighting that has killed thousands and attract billions of dollars of Western investment to a region rich in tantalum, gold, cobalt, copper and lithium. The draft builds on an outline for the framework reached in August and sets out implementation measures and coordination mechanisms. The August outline called for cooperation on energy, infrastructure, mineral supply chains, national parks and public health.
Congo, Rwanda and the US State Department did not respond to requests for comment.
Regulatory initiatives, reforms
According to the draft, the parties would pledge to work with the United States and other international partners to develop additional regulatory initiatives and reforms “necessary to de-risk private sector investment in a cost-effective manner”, to reduce illicit trade and increase transparency.