Democratic Republic of the Congo: Selected Issues

IMF Staff Country Reports, September 4, 2019

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Democratic Republic of the Congo: Selected Issues

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Bibliographic details

• Published: September 4, 2019
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781513512853.002

Overview and scope

• Publication title: Democratic Republic of the Congo: Selected Issues
• Publication date: September 4, 2019
• Focus: macro-critical issues related to governance and corruption in Democratic Republic of the Congo (DRC)
• Length: Pages: 31
• Volume: 2019
• Issue: 286
• Series: Country Report No. 2019/286
• DOI: https://doi.org/10.5089/9781513512853.002
• Stock No: 1CODEA2019002
• ISBN: 9781513512853
• ISSN: 1934-7685

Assessment of governance and corruption

• Third-party indicators suggest that governance has been poor and corruption widespread in the country.
• Limited information on the budget annexes and special accounts and little or no oversight by the central government, Parliament, and civil society create scope for corruption.
• The multiplicity of special taxes and fees, some accruing to special accounts outside the Treasury, generate opportunities for corruption and informalization of economic activity.

Public financial management and budget execution

• Despite some progress in strengthening public financial management, budget execution remains deficient.
• The government has formalized the four stages of the expenditure chain and introduced budget commitment plans to align expenditures with revenues.

Civil service, revenue agencies, and business environment

• Conducting an audit of the civil service and improving the transparency of its remuneration system are recommended to boost public efficiency.
• Simplifying tax payment processes and merging the activities of the numerous revenue agencies would boost public efficiency and improve the business environment.

Rule of law, contract enforcement, and property rights

• Contract enforcement and protection of property rights could be enhanced by insulating the courts from external influence.

Subjects and keywords

• Subject: Budget planning and preparation, Corruption, Crime, Economic sectors, Environment, Expenditure, Mining sector, Natural resources, Poverty, Public financial management (PFM)
• Keywords: B. government strategy, bank rating, Budget planning and preparation, Central Africa, Congo, Corruption, country, CR, curse thesis, DRC government expenditure, FBNBANK DRC, Global, government, ISCR, Mining sector, natural resource, Natural resources, resource sector, revenue agency, Southern Africa

International Monetary Fund. African Dept. "Democratic Republic of the Congo: Selected Issues", IMF Staff Country Reports 2019, 286 (2019).

Content in this bundle

• Democratic Republic of the Congo: Selected Issues; IMF Country Report No. 19/286; August 1, 2019
  • Democratic Republic of the Congo: Selected Issues; IMF Country Report No. 19/286; August 1, 2019 (Markdown version)
  • Democratic Republic of the Congo: Selected Issues; IMF Country Report No. 19/286; August 1, 2019 (PDF)