Democratic Republic of the Congo: 2012 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of the Congo

April 3, 2013

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Democratic Republic of the Congo: 2012 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of the Congo, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Also available in: français

Summary

Economic performance in the Democratic Republic of the Congo (DRC) has improved markedly. To safeguard the fiscal position, the government has to rigorously monitor budget execution and reduce nondiscretionary spending. The current monetary and floating exchange rate regime should be maintained. Recent efforts to shore up financial stability and develop the banking sector give opportunities for closer regional and global financial integration. Institutional weaknesses, the business environment, and establishing a strong foundation for the exploitation and development of DRC’s natural resources will be critical.

Subject: Commodity prices, Debt relief, Expenditure, Fiscal policy, Fiscal stance, National accounts, Prices

Keywords: Authorities of the Democratic Republic of the Congo, Authority, Commodity prices, Congo, CR, Depreciation cycle, DRC authorities, DRC economy, Fiscal stance, Global, Government, ISCR, Poverty reduction strategy

Publication Details

Pages:

79
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/094
Stock No:

1CODEA2013001
ISBN:

9781484331064
ISSN:

1934-7685

Notes

Also available in French

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