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.

The Democratic Republic of the Congo and the IMF page

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At a Glance

  • Current IMF membership: 191 countries
  • The Democratic Republic of the Congo joined the Fund in September 28, 1963.
  • Total Quotas: SDR 1066.0 Million
  • 2024 Article IV Consultation: July 15, 2024 (Country Report No. 24/226).

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News and Highlights

  • Advertisement for a new local economist in our local office in Kinshasa (français)

    The IMF office in Democratic Republic of the Congo is recruiting a new local economist. Apply by December 9, 2024.

    November 25, 2024

  • 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.

    October 26, 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.”

    April 28, 2023

  • 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.

    December 7, 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

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The Democratic Republic of the Congo and the IMF

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Regional Economic Outlook for subsharan Africa

October 25, 2024

Regional Economic Outlook: Sub-Saharan Africa: Reforms amid Great Expectations, October 2024

Reforms amid Great Expectations

Sub-Saharan African countries are implementing difficult and much needed reforms to restore macroeconomic stability, and while overall imbalances have started to narrow, the picture is varied. Policymakers face three main hurdles. First, regional growth, at a projected 3.6 percent in 2024, is generally subdued and uneven, although it is expected to recover modestly next year to 4.2 percent. Second, financing conditions continue to be tight. Third, the complex interplay of poverty, scarce opportunities, and weak governance--compounded by a higher cost of living and short-term hardships linked to macroeconomic adjustment--are fueling social frustration. Within this environment, policymakers face a difficult balancing act in striving for macroeconomic stability while also working to address development needs and ensure that reforms are socially and politically acceptable. Protecting the most vulnerable from the costs of adjustment and realizing reforms that create sufficient jobs will be critical to mobilize public support.
Read the Report

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Fraudulent Scam Emails Using the Name of the IMF

We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.
For more information please see Fraudulent Scam Emails Using the Name of the IMF

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Departmental Papers on Africa

Africa Departmental Papers Cover 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.