IMF Office in THE DEMOCRATIC REPUBLIC OF THE CONGO News Archive

October 26, 2023

IMF Staff Concludes Technical Assistance Visit to the Democratic Republic of Congo   (français)

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion.

April 28, 2023

Statement by the IMF Mission Chief for the Democratic Republic of the Congo  

The mission chief for the Democratic Republic of the Congo, Mercedes Vera Martin, would like to make the following statement: “In a meeting held on Thursday April 27 2023 with the Vice-Prime Minister of Defense Monsieur Bemba, the discussions focused on the need to control and prioritize spending, including security-related spending, given the limited fiscal space, and the importance of reinforcing governance to support spending efficiency.”

December 7, 2021

Managing Director Kristalina Georgieva visit to the Democratic Republic of the Congo (December 7-9, 2021)  

This visit, in response to an invitation from the President of the Republic Felix Tshisekedi, was the first to Africa since the outbreak of the Covid-19 pandemic. During her visit, the managing director and her delegation (African Department Director Abebe Aemro Selassie, Mission Chief for the DRC Mercedes Vera-Martin, Communication Department Division Chief Alistair Thomson, Advisor Aleksandra Zdzienicka) met with President Felix Tshisekedi, Prime Minister Jean-Michel Sama Lukonde, Governor Malangu Kabedi-Nbuyi, State Minister and Minister of Budget Aime Boji Sangara, Minister of Finance Nicolas Kazadi, and representatives of the civil society, the private sector, and development partners. During this important visit, Kristalina Georgieva acknowledged the DRC’s economic potential, congratulated the authorities on the satisfactory start of the ECF arrangement, called for decisive implementation of structural reforms to boost growth, mobilize revenues, enhance the independence of the central bank, and promote better governance and transparency. She also emphasized the challenges of the energy transition process for the DRC. The managing director also made a donation on behalf of the IMF Giving to the Fund for Congolese Women, represented by Julienne Lusenge, to support local women’s initiatives.

October 25, 2021

Presentation of the economic program supported by the ECF arrangement to the Economy and Finance Committee (ECOFIN) of the National Assembly and the Senate. [Presentation in French only]  

During the mission for the first review of the authorities' program supported by the Extended Credit Facility (ECF), the resident representative accompanied the mission chief, Mercedes VERA-MARTIN, for a presentation to the ECOFIN committee of the Assembly National and Senate. It involved explaining how the International Monetary Fund works and describing the objectives of the program and its conditionality. While the draft budget law for 2022 was sent to parliament, it was important to draw the attention of parliamentarians to the need for a budget consistent with the priorities of the government supported by the ECF, but also that this budget needs to be credible (both in terms of revenue and expenditure), and with financing assurances. Finally, the mission chief clarified the government's choice regarding the use of the recent general SDR allocation: half of the allocation is used to strengthen the central bank's international reserves, the other half being intended for priority investments, with a first tranche scheduled to be disbursed in 2022. At the end of this presentation, the head of mission and the resident representative were received by the President of the Senate, Modeste BAHATI LUKWEBO, an economist, who insisted on the importance attached by parliamentarians to strengthening domestic revenue mobilization and to improved governance in the fiscal area.

October 25, 2021

A Few Photographs  

A few photographs during the presentation of the economic program supported by the ECF arrangement to the Economy and Finance Committee (ECOFIN) of the National Assembly and the Senate.

April 30, 2019

The IMF Donated Laptops to a Local NGO (in French)  

June 27, 2018

'Congo DRC, Economic Developments', Presentation by Emmanuel Gbadi, Economist in the IMF Resident Representative office, June 2018 (in French)  

February 1, 2018

'Congo DRC: Economic Developments', Presentation by Nicholas Staines, IMF Resident Representative, February 2018 (in French)  

February 1, 2018

'Global and Sub-Saharan Economic Perspectives', Presentation by Emmanuel Gbadi, Economist in the IMF Resident Representative office, February 2018 (in French)  

September 28, 2017

‘Congo DRC: recent economic developments’ Presentation by Nicholas Staines, the IMF resident representative, September 28, 2017