Le seuil de la dette publique en République Démocratique du Congo: contraintes conjoncturelles et impératif de soutenabilité pour le financement du développement

The public debt threshold in the Democratic Republic of the Congo: cyclical constraints and the imperative of sustainability for development financing

Jonathan K. Muya

MPRA Paper from University Library of Munich, Germany

Abstract: The Democratic Republic of Congo (DRC) faces a structural paradox: a massive need for financing to support its economic and social development, in a context of limited domestic resource mobilization capacity. Public borrowing therefore appears to be an unavoidable lever to bridge the financing gap. However, the accumulation of debt is not neutral with respect to the effectiveness of economic policies, particularly countercyclical policies. This article analyzes the existence of critical public debt thresholds in the DRC beyond which borrowing no longer supports growth and instead weakens the effectiveness of macroeconomic instruments. Using a threshold effects approach applied to Congolese macroeconomic data, the study identifies two major thresholds (32% and 110% of GDP) and draws strong implications for the development financing strategy and debt sustainability.

Keywords: Public debt; countercyclical policies; threshold effects; sustainability; Democratic Republic of the Congo (DRC); development financing. (search for similar items in EconPapers)
JEL-codes: E62 F34 H63 O23 (search for similar items in EconPapers)
Date: 2026-02-23, Revised 2026-02-23
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https://mpra.ub.uni-muenchen.de/128153/1/MPRA_paper_128137.pdf revised version (application/pdf)

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