**Fatshimetrie: Democratic Republic of Congo – The success of a bold economic policy**
For decades, the Democratic Republic of Congo (DRC) has been a country whose economy has been rocked by internal unrest and external challenges. However, a recent announcement from the Ministry of Finance suggests a radical change in the country’s economic dynamics.
On July 3, 2024, Doudou Fwamba Likunde, Minister of Finance of the DRC, announced historic news: the approval by the International Monetary Fund (IMF) of the latest review of the country’s economic program. A first since its accession in 1963, this step taken demonstrates a new vision in terms of economic policy.
This program, initiated in June 2021 and supported by the IMF Extended Credit Facility, was carried out thanks to the collaboration of government actors and the Central Bank of Congo. The current government, led by Judith Suminwa, is committed to implementing the necessary reforms to ensure the economic and financial stability of the country.
Beyond the simple approval of this program, this decision marks a turning point in relations between the DRC and international financial institutions. It also highlights the capacity of the Congolese government to bring about meaningful change despite the challenges facing the country.
In the coming days, the government will begin negotiations for a new three-year program supported by the Extended Credit Facility, as well as a program under the Resilience and Sustainability Fund. These initiatives aim to consolidate the progress made and ensure a stable economic future for the DRC.
In conclusion, this major economic breakthrough demonstrates the courage and determination of the Congolese authorities to meet the challenges and establish a sustainable economic policy. The success of this Economic Program is the result of hard work and a bold vision for the future of the Democratic Republic of Congo.