Democratic Republic of the Congo: First Review under the Extended Credit Facility Arrangement, Request for Modification of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of the Congo

International Monetary Fund

No 2022/003, IMF Staff Country Reports from International Monetary Fund

Abstract: After a third wave over the summer, COVID-19 cases are declining but vaccination has stalled. Economic activity has improved on the back of strengthened external demand, allowing for a stronger-than-envisaged buildup in international reserves. Inflation and the exchange rate have stabilized. Near-term challenges arise from uncertainty related to the pandemic and the gradual global economic recovery supporting high commodity prices.

Keywords: ECF arrangement; policy transmission mechanism; Congolese authorities; Policy discussion; ECF approval; ECF disbursement; IMF staff estimate; IMF's transparency policy; Credit; Fiscal stance; Global; Central Africa (search for similar items in EconPapers)
Pages: 98
Date: 2022-01-05
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