Congo and Rwanda have agreed on a draft framework for a peace deal aimed at ending a long-standing conflict and attracting billions in Western investment. A source familiar with the matter stated that the 17-page draft is currently being discussed with stakeholders, including the private sector, multilateral banks, and donor agencies. A meeting to finalize the framework is expected in early October, with a final signing by the heads of state at a later date.
This framework builds on an outline from August and includes implementation measures and coordination mechanisms. The goal is to “de-risk private sector investment,” reduce illicit trade, and increase transparency in a region rich with valuable minerals like tantalum, gold, cobalt, and lithium.
Key Components of the Framework
- Illicit Trade & Transparency: The parties will pledge to work with the United States and other international partners to develop reforms to reduce illegal trade and increase transparency. This includes adopting outside transparency mechanisms and implementing guidance from organizations like the Organisation for Economic Cooperation and Development.
- Infrastructure & Economic Zones: The draft calls for third-party inspections of mine sites and collaboration with private sector partners to develop cross-border special economic zones.
- Coordination: The framework sets out timelines for an annual high-level summit on regional economic integration and regular meetings of a steering committee and technical working groups.
The agreement stems from a peace deal signed in Washington in June, where both countries committed to launching this economic integration framework within 90 days.
