Democratic Republic of the Congo: First Review under the Extended Credit Facility Arrangement, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of the Congo

January 5, 2022

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Democratic Republic of the Congo: First Review under the Extended Credit Facility Arrangement, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of the Congo, (USA: International Monetary Fund, 2022) accessed September 19, 2024

Also available in: français

Summary

After a third wave over the summer, COVID-19 cases are declining but vaccination has stalled. Economic activity has improved on the back of strengthened external demand, allowing for a stronger-than-envisaged buildup in international reserves. Inflation and the exchange rate have stabilized. Near-term challenges arise from uncertainty related to the pandemic and the gradual global economic recovery supporting high commodity prices.

Subject: Credit, External debt, Fiscal policy, Fiscal stance, International organization, Monetary policy, Money, Public debt, Revenue administration

Keywords: Central Africa, Congolese authorities, Credit, ECF approval, ECF arrangement, ECF disbursement, Fiscal stance, Global, IMF staff estimate, IMF's transparency policy, Policy discussion, Policy transmission mechanism

Publication Details

Pages:

98
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/003
Stock No:

1CODEA2022001
ISBN:

9781616355807
ISSN:

1934-7685

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