the Democratic Republic of the Congo Resident Representative Site
Resident Representative Office in the Democratic Republic of the Congo
March 1, 2009
This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between the Democratic Republic of the Congo and the IMF. Additional information can be found on the Democratic Republic of the Congo and IMF country page, including official IMF reports and Executive Board documents in English and French that deal with the Democratic Republic of the Congo.
News and Highlights
The IMF’s African Department is the hub of the institution’s engagement with low-income member countries. Over the past year, 13 new programs were approved under the IMF’s Policy Support Instrument, and Extended Credit Facility, more flexible policies were implemented to allow for flexible financing of infrastructure investment, and policy advice focused on restoring “macroeconomic buffers” that enabled effective policy responses to mitigate the worst of the impact of the 2009 global economic crisis.
With world recovery under way, Africa faces the twin challenges of reviving strong growth and reinforcing resilience to the economic shocks that regularly batter the continent, IMF officials say as Managing Director Dominique Strauss-Kahn embarks on a three-country visit to the region.
Although Africa will grow by more than 3 percent in 2009, the continent is likely to be hard hit by the global economic downturn, threatening to set back progress made across the region in recent years, the IMF says
The Democratic Republic of the Congo and The IMF
Democratic Republic of the Congo: 2012 Article IV Consultationâ€”Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of the Congo
Statement by the Hon. Patrice Kitebi Kibol Mvul, Governor of the World Bank Group for Democratic Republic of the Congo, on behalf of the African Governors
October 12, 2012
PDF File Size: 482Kb
Public Information Notice: IMF Executive Board Concludes 2012 Article IV Consultation with the Democratic Republic of the Congo
Press Release: Statement by an IMF Staff Mission on the 2012 Article IV Consultation with the Democratic Republic of the Congo
Press Release: The Democratic Republic of Congo and the IMF to Co-Host High Level Conference On the Management of Natural Resources in Sub-Saharan Africa
Regional Economic Outlook for Sub-Saharan Africa
Economic conditions in sub-Saharan Africa have remained generally robust despite a sluggish global economy. The near-term outlook for the region remains broadly positive, and growth is projected at 5Ľ percent a year in 2012–13. Most low-income countries are projected to continue to grow strongly, supported by domestic demand, including from investment. The outlook is less favorable for many of the middle-income countries, especially South Africa, that are more closely linked to European markets and thus experience a more noticeable drag from the external environment. The main risks to the outlook are an intensification of financial stresses in the euro zone and a sharp fiscal adjustment in the US–the so called fiscal cliff.