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About: http://data.cimple.eu/news-article/8eba02f3b989fa27692f5f44039a0773902a2ba3b76a0f6658890c4f Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	The Democratic Republic of Congo must nearly halve government spending plans this year, the finance ministry said on Monday, in a blow to President Felix Tshisekedi's much-touted anti-poverty schemes. The government's budget for 2020 set down the equivalent of $10.59 billion dollars in spending but only $5.45 billion is being allocated, the finance ministry said. Its so-called cashflow plan factors in "unfavourable trends in the current situation," the ministry said in a statement, referring to the "collapse" in the price of cobalt in the last quarter of 2019. DR Congo is the world's biggest producer of cobalt, a key ingredient in batteries. The International Monetary Fund (IMF) in December granted the country emergency credit of $368.4 million to meet urgent balance-of-payments needs, but warned that its initial budget lacked "realism." The 2020 budget has to take into account the estimated $2.6 billion cost of Tshisekedi's pledge, initiated in September, to make primary-school education free. On Friday, the president also launched a "national strategic plan" for "universal health coverage" -- a scheme unveiled in the presence of World Health Organization (WHO) chief Tedros Adhanom Ghebreyesus. Health Minister Eteni Longondo said the aim was to provide universal coverage "after perhaps five, 10, 15 years." DR Congo is the largest country in sub-Saharan Africa, and sits atop vast mineral wealth. But it also struggles with government incompetence, corruption and inequality. Two-thirds of its roughly 80 million inhabitants survive on under $2 per day. Tshisekedi took office in January 2019, succeeding President Joseph Kabila, who stepped down after 18 iron-fisted years at the helm. He has vowed to step up the fight against poverty and graft, but his room for manoeuvre has been crimped by uncertainty in the commodities market and a parliament dominated by Kabila supporters. bmb/st/sst/ri/pma
schema:headline	DR Congo halves budget in blow to Tshisekedi plans
schema:mentions	Dominican Republic Universal health care Cobalt Joseph Kabila Félix Tshisekedi Sub-Saharan Africa Democratic Republic of the Congo International Monetary Fund Tedros Adhanom President of Brazil Poverty World Health Organization Scientific realism Mining Singapore Standard Time
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-17 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	71 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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