IMF Staff Country Reports

Democratic Republic of the Congo: Enhanced Initiative for Heavily Indebted Poor Countries-Decision Point Document

August 28, 2003

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International Monetary Fund. "Democratic Republic of the Congo: Enhanced Initiative for Heavily Indebted Poor Countries-Decision Point Document", IMF Staff Country Reports 2003, 267 (2003), accessed May 13, 2025, https://doi.org/10.5089/9781451808322.002

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Summary

This paper presents an assessment of the Democratic Republic of the Congo's eligibility for assistance under the enhanced initiative for heavily indebted poor countries. The country has made remarkable progress in consolidating the peace process, stabilizing the economic situation, and creating the conditions for sustainable economic growth and poverty reduction. The analysis supporting the poverty reduction strategy finds that structural constraints prevent the Democratic Republic of the Congo from achieving the international goal of reducing absolute poverty and meeting the goal for absolute poverty reduction.

Subject: Arrears, Asset and liability management, Debt relief, Debt service, Expenditure, External debt

Keywords: Arrears, Bridge loan, Congolese authorities, CR, Debt management, Debt relief, Debt service, Exchange rate, HIPC Initiative, Inflation rate, ISCR, Natural resources, Public enterprise, Public expenditure, Real GDP, Short-term debt, Sub-Saharan Africa

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