The Democratic Republic of Congo economic news article features an International Monetary Fund (IMF) projection of a 6.8% drop in the country’s economic growth. This decrease is attributed to the extractive sector and is part of a context of slowing global growth.
The report by the Central Bank of Congo highlights several risks facing the Congolese economy, such as inflation, the tightening of policies by major central banks and international geopolitical tensions. In addition, internal factors such as persistent inflation, seasonal effects and the impact of the conflict in the east of the country are also noted.
Faced with these uncertainties, the Central Bank recommends the monitoring and strict control of the stabilization measures in place, as well as the strengthening of the coordination of budgetary and monetary actions. It also recommends the continuation of the tightening of the budgetary policy, the rigorous control of expenditure, the tightening of the monetary policy and the strengthening of sectoral policies to support the production capacity and the diversification of the Congolese economy.
These recommendations highlight the importance of taking measures to strengthen the resilience of the national economy to shocks, both internal and external. It is essential to ensure rigorous management of public finances, encourage national production and promote the diversification of economic sectors.
The economic situation in the Democratic Republic of the Congo therefore requires increased vigilance and consistent actions by the authorities to stimulate growth and ensure financial stability. At the same time, it is essential to put in place structural reforms aimed at strengthening the Congolese economy and promoting its sustainable development