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

Author: International Monetary Fund. African Dept.

Volume/Issue: Volume 2013 Issue 094

Publication date: April 2013

ISBN: 9781484331064

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , Business and Economics - Statistics , Natural Resources , ISCR , CR , Congo , authority , DRC authorities , government , authorities of the Democratic Republic of the Congo , poverty reduction strategy , DRC economy , depreciation cycle , Fiscal stance , Commodity prices , Global

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Summary

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.