The economic situation in the Democratic Republic of the Congo is stable, according to the economic situation note from April 28 to May 5, 2023. The exchange rate of the Congolese currency remains fixed at 2.345 CDF for one US dollar on the parallel market and at 2.298 83 CDF for one American dollar in the big cities of the provinces. Although the Congolese franc fell by 1.1% on a weekly average from January to February, the exchange rate remained relatively stable in March and April 2023.
The Congolese government also announced a surplus of US$18.28 million for the foreign currency budget, with revenues of US$147.98 million and expenditures of US$129.69 million. Foreign exchange reserves stood at US$4.2 billion as of May 4, 2023, representing 2.2 months of import cover for the country.
In addition, the Congolese government has transferred more than US$370 million to the provinces to improve the living conditions of the populations, and President Félix Tshisekedi has visited the largest open-pit mine in the world to reorganize the diamond sector. from the country. The President also boosted trade relations between the DRC and Botswana during a recent official visit.
However, the country is not limited to economic news. There is an ongoing humanitarian crisis in the DRC, for which urgent mobilization is needed to help the affected populations. There have also been political tensions, such as the impeachment of a governor, which could potentially lead the country towards a crisis to be avoided.
Finally, for those looking to learn more about the DRC, there are several interesting articles available on the Fatshimetrie.org blog, including on the Jeux de la Francophonie 2023, IPAS’ action to improve sexual health and reproduction of displaced women, and the universal jurisdiction of French justice to judge war crimes and crimes against humanity committed abroad