Democratic Republic of the Congo: 2012 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Democratic Republic of the Congo
April 3, 2013
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Economic performance in the Democratic Republic of the Congo (DRC) has improved markedly. To safeguard the fiscal position, the government has to rigorously monitor budget execution and reduce nondiscretionary spending. The current monetary and floating exchange rate regime should be maintained. Recent efforts to shore up financial stability and develop the banking sector give opportunities for closer regional and global financial integration. Institutional weaknesses, the business environment, and establishing a strong foundation for the exploitation and development of DRC’s natural resources will be critical.
Subject: Commodity prices, Debt relief, Expenditure, Fiscal policy, Fiscal stance, National accounts, Prices
Keywords: authorities of the Democratic Republic of the Congo, authority, Commodity prices, Congo, CR, depreciation cycle, DRC authorities, DRC economy, Fiscal stance, Global, government, ISCR, poverty reduction strategy
Pages:
79
Volume:
2013
DOI:
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Issue:
094
Series:
Country Report No. 2013/094
Stock No:
1CODEA2013001
ISBN:
9781484331064
ISSN:
1934-7685
