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.
At a Glance : Democratic Republic of the Congo's Relations with the IMF
- Current IMF membership: 189 countries
- the Democratic Republic of the Congo joined the Fund in September 28, 1963
- Total Quotas: SDR 533.00 Million (As of June 30, 2007)
- Latest financial arrangement: Approved on December 11, 2009 and expired on December 10, 2012 for an amount approved of SDR 346.45 million (amount drawn SDR 197.97 million)
- Last Article IV Consultation: The 2015 Article IV consultation staff report was discussed by the Executive Board on September 2, 2015 (Country Report No. 15/281, October 13, 2015)
- Macroeconomic framework historical data and projections from the 2015 Article IV consultations, September 2015
News and Highlights
Presentation by the Resident Representative on the regional economic outlook for sub-Saharan Africa, November 2015
November 30, 2015
A Newsletter of the IMF on Low-income countries; November 2012
November 7, 2012
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.
March 22, 2011
The Democratic Republic of the Congo and the IMF
April 13, 2016
March 25, 2016
Author/Editor: Céline Allard ; Jorge Iván Canales Kriljenko ; Jesus Gonzalez-Garcia ; Emmanouil Kitsios ; Juan P. Trevino ; Wenjie Chen
Series: African Departmental Paper 16/2
February 23, 2016
Author/Editor: Elva Bova ; Paulo A. Medas ; Tigran Poghosyan
Series: Working Paper No. 16/36
December 22, 2015
Author/Editor: Corinne Deléchat ; Ejona Fuli ; Dafina Mulaj ; Gustavo Ramirez ; Rui Xu
Series: Working Paper No. 15/268
November 12, 2015
Series: Country Report No. 15/308
Notes: Also Available in French
Regional Economic Outlook for subsharan Africa
After an extended period of strong economic growth, many sub-Saharan African countries have been hit by a multiple of shocks—the sharp decline in commodity prices, tighter financing conditions, and a severe drought in southern and eastern Africa. Growth fell in 2015 to its lowest level in some 15 years and is expected to slow further to 3 percent in 2016. The growth performance, however, differs across countries, with most oil importers faring reasonably well. The region’s medium-term prospects remain favorable but many countries urgently need to reset their policies to reinvigorate growth and realize this potential. To this end, countries should adjust fiscal policies, and for those outside monetary unions, exchange rate flexibility, as part of a wider policy package, should also generally be part of the first line of defense. In the medium term, policies targeted at diversification and financial sector development could also strengthen resilience and boost growth.
Departmental Papers on Africa
The Departmental African Paper Series covers research on Sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
IMF Opens Africa Training Institute in Mauritius
The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.