Noel K Tshiani Muadiamvita (known as Noel K. Tshiani M.) was born on December 25, 1957 in Ngandajika, in the eastern province of Kasai, in the Democratic Republic of the Congo. He served at the World Bank as Country Director and as Head of Mission for Private Sector and Financial Development. Dr. Tshiani has worked successfully to restructure and transform distressed economies in West Africa, Eastern Europe and Asia. For example, his work in Cape Verde Islands helped to increase the gross domestic product per capita in twenty years from 170 to 4,400 dollars in 2016. The West African country has moved from the group of low to middle income countries thanks to good leadership and good governance of limited natural resources.
Dr. Tshiani led a team of professional World Bank experts who designed and implemented a comprehensive economic and financial transformation program for the West African Development Bank (BOAD), the Central Bank of the States of West Africa (BCEAO) and eight West African Economic and Monetary Union (UEMOA) countries: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. The program has significantly strengthened the economic, financial and infrastructural integration of West African states.
Mr. Tshiani previously worked for ten years as an international loan officer at JP Morgan Chase in New York; Senior Credit Officer with the Republic National Bank of New York and an Account Manager with Citibank NA He successfully completed and completed the Citibank Executive Management training program for loan officers in Athens, Greece, and was an intern at the Bank Nationale de Paris in Grenoble, France.
As a renowned economist on secondment from the World Bank, Dr Tshiani in 1997 co-chaired the Monetary Reform Commission which designed and launched the Congolese franc as a replacement for the much discredited currency of what had once been Zaire. He also advised the president on strengthening the autonomy of the monetary authority, including dismantling the central bank’s board of directors which included seven cabinet members and replacing them with independent technical experts. He is an advocate of independent central banks [7] and believes that the proper functioning of the financial system is a prerequisite for ensuring an adequate allocation of resources and supporting economic development. He regularly visits his country and closely monitors its economic, social and political developments and challenges.
Dr Tshiani studied Leadership and Management at Harvard Business School and obtained a PhD in Economics with specialization in Banking and Finance from Paris Dauphine University, after an MBA in Banking and Financial Markets from the University. Adelphi in New York.
Fluent in English and French, Noel K. Tshiani also obtained a Specialized Graduate Diploma (DESS) in Financial Management and Taxation from the University of Grenoble, a postgraduate degree from the Institut Supérieur de Gestion (ISG Business School) in Paris, and Master in economics from the University of Liège in Belgium.
His doctoral thesis at Paris Dauphine University focused on the independence of central banks, accountability and the impact on monetary policy. He completed his high school with a concentration in Latin and Philosophy at the Kalayi Institute (formerly Saint Georges College) in Ngandajika. Noel K. Tshiani M. completed his university program abroad thanks to a scholarship from the Congolese government. Having benefited from educational support from the Congolese government, Dr Tshiani advocates free and universal education for Congolese children aged 6 to 17 to promote social inclusion and ensure that no one is left behind.
Dr. Tshiani is the author of five books: 1. The force of change: building a stable, prosperous and equitable country (Éditions du Panthéon, Paris, April 2016); 2. Desperate times, bold measures: a Marshall plan for the Democratic Republic of the Congo (Éditions du Panthéon, Paris, April 2016); 3. The battle for a credible national currency (De Boeck, Brussels, December 2012), 4. Vision of a strong currency (L’harmattan, Paris, 2008), and 5 Building credible central banks (Palgrave MacMillan, Hampshire, UK, 2009). Dr Tshiani has also published extensively on development economics, private sector development, financial sector, central banking and monetary policy His work has appeared in Time Magazine, Jeune Afrique, La Libre Belgique, Le Soir, Le Potentiel, Le Phare, La Prosperité, Africa News, Sud Express International, Le Point, Financial Afrik and others. His Time magazine An article (How to Reform the Democratic Republic of the Congo) has been widely cited by academics and major universities such as Columbia University in New York.
Dr Tshiani has no political party affiliation, but is expected to be independent in the upcoming presidential elections in the Democratic Republic of the Congo. Technocrat and political outsider, Dr Tshiani believes that the DR Congo has been betrayed by its own leaders for decades.
In 2016, the DRC was ranked among the poorest countries in the world according to indexmundi on the basis of gross domestic product per capita. At the same time, the country ranked last on the United Nations Development Program (UNDP) Human Development Index, despite abundant natural resources. He believes, based on experience, that the path to shared prosperity rests on good governance, integrity, the rule of law, human rights, equality and opportunities for all.
In 2003, Dr Tshiani launched the idea that the DRC needed a Marshall Plan to solve structural problems and fight poverty. In 2003 and 2004, he published two articles in Jeune Afrique: “A Marshall Plan for the DRC” and “Desperate Times, Bold Measures”, arguing that the reforms had failed. The plan lasted 15 years and required US $ 800 billion to fundamentally transform the economy and create opportunities for all. Above all, he has a unique vision of the development of the DRC.
To support his ambitions to transform his native country and create opportunities for all its citizens, Dr. Tshiani unveiled on January 22, 2016 in an article in Time Magazine, the summary of his Marshall Plan for the Congo, the details of which are contained in his book: The Force of Change or Force of Change. The five-year plan he proposes for the DRC includes seven pillars of development, with the private sector stimulating growth and international and diaspora expertise tapped as needed.
The seven pillars of development consist of: • Promoting peace, security, the rule of law and democracy by restructuring the military and police and building strong democratic institutions and transparent practices; • advance human capital, through education, health and nutrition, by creating opportunities and a level playing field for all, including Congolese women, who suffer not only from legal discrimination, but also from discrimination. sexual and gender-based violence; • mobilize domestic resources through transparent and effective tax collection and anti-corruption measures; • Support a responsible national private sector, supported by a functioning public administration and the rule of law; • undertake large-scale, labor-intensive infrastructure projects to create much-needed jobs and catalysts for trade and growth; • stimulate and accelerate local industrialization to refine and process minerals and mechanize agriculture, animal husbandry and fishing; promote sustainable forest management; and supporting service sectors, including tourism; and • Identify and exploit synergies in national and regional markets: the DRC is now a member of a regional integration agreement of 26 countries that stretches from South Africa to Egypt and is home to 625 million people with an estimated GDP of $ 1.3 trillion.
How much will this plan cost? Mr. Tshiani estimates domestic resources, bilateral and multilateral aid, and foreign direct investment at around $ 800 billion over 15 years. Development strategy and governance will also have to be thoroughly rethought, the priority being transparency. Dr. Tshiani believes the government can fund most of the plan with internally generated revenue by fighting corruption, reforming the judiciary, and creating an attractive business environment.
Dr Tshiani believes his plan, wisely executed, could turn one of the world’s poorest economies into an engine of African growth and boost current GDP from $ 394 to $ 15,000 in 15 years. In his own words, if his compatriots work together, “the impossible is not Congolese”.
