Title: Meetings between the IMF and the Prime Minister of the DRC: encouraging progress towards economic stability
Introduction :
The Democratic Republic of Congo (DRC) recently welcomed a delegation from the International Monetary Fund (IMF) as part of the preparation for the 5th review of the program between the country and the financial institution. These meetings, led by the head of the IMF mission, Calixte Ahokpossi, made it possible to take stock of the progress made by the Congolese government, under the leadership of Prime Minister Jean-Michel Sama Lukonde. In this article, we will examine the positive results of these meetings and their impact on the economic stability of the DRC.
Encouraging progress towards economic stability:
During his meeting with the IMF delegation, Prime Minister Jean-Michel Sama Lukonde was congratulated for the significant progress made by his government over the past two years. The DRC, which signed a three-year agreement with the IMF in 2021, benefited from a $1.52 billion Extended Credit Facility to support its economic reform program.
According to Calixte Ahokpossi, IMF mission chief, the progress made by the DRC is encouraging and demonstrates the government’s commitment to implementing structural reforms to stabilize the country’s economy. The 5th review scheduled for next October will make it possible to assess this progress and continue the reform program in order to achieve the set objectives.
Close collaboration between the government and the IMF:
The collaboration between the Congolese government and the IMF was hailed as fruitful and collaborative. The meetings between the Prime Minister and the IMF delegation made it possible to discuss the economic data collected and to evaluate the results obtained thanks to the reforms put in place.
The government, represented by the Minister of State for Budget, the Minister of Finance and other key members, committed to continuing to work closely with the IMF to achieve the objectives set in the reform program . The next review, scheduled for May and June next year, will mark the conclusion of the program and the culmination of joint efforts between the DRC and the IMF.
Conclusion :
The meetings between the IMF and Prime Minister Jean-Michel Sama Lukonde made it possible to note the encouraging progress made by the DRC in the implementation of its economic reform program. This close collaboration between the Congolese authorities and the IMF demonstrates the government’s commitment to stabilizing the country’s economy and implementing necessary structural reforms. The next review in October will make it possible to assess this progress and continue efforts to achieve the set objectives.