Former Finance Minister is new PM


Former Finance Minister Augustin Matata Ponyo Mapon has been named by President Joseph Kabila as the new prime minister of the Democratic Republic of the Congo.

Matata Ponyo has been the finance minister since February 2010 and before that worked in the Congo Central Bank as well as the Central Coordination Bureau which oversaw FDI into the country. He is credited with stabilising the finances of the country and of securing a $12.3 billion debt reduction from the international community as part of the plans to stabilise the country.

The new prime minister is 48 years old and is a member of the Unified Lumumbist Party which is part of the new coalition government.

His first task will be to see the setting of a new budget for the country.

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