In a regional report published by the International Monetary Fund (IMF) for sub-Saharan Africa, reforms have been proposed to combat monetary inflation in the Democratic Republic of Congo (DRC). The report highlights the economic recovery in the region after the crises caused by the COVID-19 pandemic and the conflict in Ukraine.
The DRC ranks second in terms of economic growth in the sub-Saharan region, with a rate of 6%. However, inflation remains high, around 20%, which is worrying for the population. According to Luc Eyraud, regional director of studies at the IMF, this high inflation is caused in part by the depreciation of the exchange rate, which leads to an increase in the prices of imported products. He also emphasizes that the long-term answer to reducing inflation lies in increasing production and reducing imports.
The IMF therefore recommends putting in place measures to stimulate local production and reduce dependence on imported products. This could be achieved by investing in key sectors of the economy, such as agriculture, industry and services. By increasing domestic production, the DRC could reduce imports and stabilize prices, which would help ease inflation.
However, it is important to note that these measures require long-term commitment and coordination between the government, economic actors and international organizations. It is also essential to put in place effective fiscal and monetary policies to support economic growth and maintain financial stability.
In conclusion, the fight against inflation in the DRC requires a multidimensional approach that combines structural reforms, investments in local production and prudent management of economic policies. By adopting these measures, the DRC could gradually reduce inflation, improve economic stability and boost long-term growth.