Democratic Republic of the Congo: Selected Issues

International Monetary Fund

No 2022/211, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper on the Democratic Republic of the Congo (DRC) focuses on building resilience and exploring opportunities from climate change. Addressing the challenges associated with climate change in the DRC requires a good understanding of its exposure to climate vulnerabilities as well as the bottlenecks in scaling up climate policies to achieve its nationally determined contribution. At the same time, the global efforts to develop low-carbon technology and conserve carbon sinks put the DRC in a good position with substantial long-term benefit for the country. Hence, the country would benefit from focused efforts in strengthening forest and mining managements, while building resilience to climate change. Current logging policies have failed to prevent deforestation in the DRC. The DRC presents itself as a solution country for the diffusion of carbon-reduction technology. The advent of metals critical for the energy transition could strengthen the impact of global commodity cycles on external sector.

Keywords: carbon sinks; E. policy recommendation; trade union confederation; Democratic Republic of the Congo workforce; E. climate policy step; macro indicator; Climate change; Greenhouse gas emissions; Natural disasters; Mobile banking; Financial inclusion; Global; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 31
Date: 2022-07-05
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