Freddy Matungulu

Mbuyamu Ilankir "Freddy" Matungulu was born in Belgian Congo (DRC) on 4 January 1955. An economist, he was Finance Minister of the Democratic Republic of the Congo.

Biography

Education

Son of official of the Congolese territorial, Freddy Matungulu was born on January 4, 1955 at Lubembo, Bandundu Province, in the Democratic Republic of the Congo. Brilliant student of the Catholic Schools of Congo, he obtained his Certificate of Elementary School in 1967 at the Saint Joseph in the city of Banningville (Now Bandundu). After Middle School at Saint Jean-Baptiste de la Salle Institute still in Bandundu that led to a High School State Diploma in 1973, he enrolled at the Faculty of Economic Sciences at the University of Kinshasa (UNIKIN). In 1977, he graduated with first class honor “Distinction”, with a Bachelor Degree in Economical Science, with a concentration in International and Monetary Economics. After that, he was appointed as an Assistant Professor at the Economical Science Department. During the same year, Freddy Matungulu was also hired, at the headquarters of the Congolese Bank for Foreign Trade (Banque du Peuple), in Kinshasa, as a Credits Analyst.

In 1980, as an Assistant Professor at UNIKIN, he obtained a scholarship from the American Government and left across the Atlantic to carry on his graduate studies. He first obtained a special degree in English and Economics at The Economics Institute of the University of Colorado in Boulder. Then, in 1981, an English degree from New York State University in Buffalo.

In 1983, he obtained a Masters in International Economics at The Fletcher School, Tufts University in the Boston area, state of Massachusetts. Knowledge greedy, he pushed his graduate studies further and obtained a PhD in Economics in 1986.

His doctoral thesis is entitled : “ Exchange Rate Policy, Resource Allocation and Growth Patterns in the Zairian Economy, 1967-1983” (“La politique des taux de change et son impact sur les mécanismes d’allocation des ressources et la croissance dans l’économie zaïroise: 1967-1983 ”).

Professor career

Back home in 1986, he returned to the Department of Economics of UNIKIN and dedicated himself to the noble profession of teaching. As Associate Professor, he taught courses in political economy (Departments of Economics and Law) and monetary policy ( Department of Economics ). He also taught, for a year, Currency and Credit at the Higher Institute of Commerce in Kinshasa. n search of experience in the management of the State , Professor Matungulu agrees, from 1986 to 1992 , advisers positions in several departments of the country :

During that time, he served as:

Economist at the International Monetary Fund (IMF)

In July 1992, he joined the International Monetary Fund (IMF) in Washington, United States as an economist. In 1994, he created the Price Professor Matungulu, to reward each year the best student of first degree in economics from the UNIKIN (all options).

In 1998, Freddy Matungulu was appointed as the Resident Representative of the IMF in Cameroon, where he superviseda program of economic reform that began in 1996. That program enabled Cameroon to benefit a significant reduction in its external debt under the Initiative for Heavily Indebted Poor Countries (HIPC).

Accomplishments in Government

In April 2001, he was appointed Minister of Economy, Finance and Budget of the Congolese (DRC). In February 2003, Freddy Matungulu resigned as Minister of Finance.

Back to IMF

In July 2003, he returned to the International Monetary Fund, where he performed the functions of Countries Team Leader / Head of Mission for the design and monitoring of economic programs of various countries with financial and technical assistance agreements with the FMI.

As Head of Mission, Freddy Matungulu conducted, from 2003 to 2014 about thirty missions of the IMF that consisted of discussions on economic policies of many countries members of this great institution of Bretton Woods, including the Republic of Niger, the Republic of Benin, Comoros , Republic of Congo, and the Commonwealth of the Bahamas. During the same period, Freddy Matungulu was also involved in sovereign debt renegotiation sessions at the Paris Club, France.

These IMF missions focused not only on the macroeconomic sectors, public finances, monetary policy and exchange rates, the situation of the banking and financial sector, but also on structural reforms undertaken by the countries concerned. The purpose of these exchanges was to help member countries visited implementing economic policies to enhance the growth potential of the economy in order to improve the fight against poverty. Such missions also engaged discussions with other forces of the nations involved, including parliamentarians, business leaders, trade unionists and other members of civil society to better take into account the positions of the latter in political selected national economic .

Politics

In December 2014, Freddy Matungulu retired early from the IMF to overcome the secrecy obligation imposed on him by his position in this institution, allowing it to regain the freedom of expression and actions through which, as a Congolese citizen, he can now bring its share to efforts the betterment of his country. During the same month, he published an article in the magazine Jeune Afrique entitled “ DRC : a society sick of its politicians and its elite ” to denounce the evils that plague the RDC.[1]

In February 2015, he decided to fully get involved in the debate centered on the financial requirements of the 2015/16 electoral process in the RDC. Freddy Matungulu offers ways out of crisis in an interview with the online magazine Afrikarabia, entitled “ Serious weaknesses in the management of elections ”.[2]

In May 2015, Freddy Matungulu creates the political party Congo Na Biso (« Our Congo »), CNB in acronym.

Sources & Relevant External Links

References

  1. ↑ RDC : « une société malade de ses politiciens et de son élite », Jeune Afrique, décembre 2014
  2. ↑ RDC : « De graves faiblesses dans la gestion financière des élections », Afrikarabia, 17 février 2015
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