Kinshasa, Congo – The Executive Board of the International Monetary Fund (IMF) approved a new disbursement of $350 million to the Democratic Republic of Congo (DRC), following the completion of reviews of its Extended Credit Facility (ECF) and Resilience and Sustainability Facility (RSF) programs. This disbursement aims to support the national economy and strengthen the country’s capacity to address its financial and developmental challenges.
The IMF explained that the financing includes allocations to support the economic reform program, as well as funding to enhance the country’s resilience to the impacts of climate change. This will contribute to supporting economic and financial stability and improving growth indicators.
For its part, the government of the Democratic Republic of Congo confirmed that part of the funding will be used to support the general budget. Another portion will be allocated to financing infrastructure and development projects and strengthening social protection programs. The remaining funds will be used to bolster foreign reserves and improve the balance of payments.
The International Monetary Fund noted that the Congolese authorities have made progress in implementing economic and financial reforms. It also stressed the importance of continuing reforms related to strengthening governance, improving public financial management, and increasing transparency. This will ensure more sustainable and inclusive economic growth in the coming period.
