In the second quarter of 2026, the Congolese government focused more on issuing long-term debt, while significantly reducing the amount of short-term bonds it offered to investors. This shift comes as the government's debt obligations in the banking system have grown. The Congolese Treasury has been reducing its dependence on short-term financing, instead prioritizing medium and long-term bonds. According to a report released on October 7, 2026, by the Ministry of Finance, the government offered investors 385.5 billion CFA francs (about 657 million USD) in short-term Treasury bonds, known as BTA, between April and June 2026. This represents a 45.49% drop compared to the same period in 2025. Investors also showed less interest in these short-term bonds, with the government only raising 184.35 billion CFA francs in BTA in the second quarter of 2026, down 47.08% from the previous year. In contrast, the government’s focus on longer-term bonds, called OTA, saw a more positive response from investors. While the government planned to issue 357 billion CFA francs worth of OTA in the second quarter of 2026, a 22.49% decrease from the previous year, investors submitted subscription offers for 263.23 billion CFA francs, a 29.77% increase. The government ultimately raised 261.50 billion CFA francs in OTA, up 30.08% from the 201 billion CFA francs raised in the same period in 2025. Together, BTA and OTA emissions allowed the government to mobilize 445.9 billion CFA francs in the second quarter of 2026, though this is still lower than the amount raised in the same period in 2025. The structure of the debt has changed significantly, with OTA now accounting for nearly 59% of the total funds raised, compared to 41% for BTA. This shift reflects a growing preference for medium and long-term financing, which allows the government to spread out debt repayments over a longer period and reduce the pressure of refinancing. The increased use of OTA aligns with the government’s broader strategy to manage public finances with a focus on longer maturities. Meanwhile, net claims on the Congolese government have risen by 29.3% over the past year, reaching 1901.3 billion CFA francs as of June 30, 2026. This increase is partly offset by a 3.7% decline in economic credits, which dropped to 1638.2 billion CFA francs. However, domestic credit has grown by 11.6%, reaching 3539.5 billion CFA francs, largely driven by the rise in government-related claims. This trend suggests that the government continues to play a central role in mobilizing financial resources within the banking system. The shift toward longer-term debt appears to be a strategic move to manage these growing obligations more effectively.