Democratic Republic of the Congo: Staff Report for the 2026 Article IV Consultation, Third Review under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria, Modification of Performance Criteria and Financing Assurances Review; and Second Review under the Resilience and Sustainability Facility Arrangement and Request for Rephasing of Access-Press Release; Staff Report; Debt Sustainability Analysis; Informational Annex; World Bank Assessment Letter and Statement by the Executive Director for the Democratic Republic of the Congo

International Monetary Fund

No 2026/246, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents Democratic Republic of the Congo’s (DRC) 2026 Article IV Consultation, Third Review under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria, Modification of Performance Criteria and Financing Assurances Review; and Second Review under the Resilience and Sustainability Facility Arrangement and Request for Rephasing of Access. DRC economy has demonstrated resilience despite a challenging external and domestic environment, including the ongoing armed conflict in the eastern region, geopolitical tensions arising from the war in the Middle East, and the Ebola outbreak. Program performance has remained broadly satisfactory, with most quantitative targets met and structural reforms advancing, although faster implementation is needed. The 2026 Article IV consultation highlights the importance of consolidating recent gains in macroeconomic stability through a more balanced policy mix and sustained reform efforts. Over the medium term, gradual fiscal consolidation, prudent monetary policy, and continued accumulation of external buffers will be essential to strengthen resilience and preserve macroeconomic stability. At the same time, transparent and efficient management of public resources can support inclusive growth and improve policy effectiveness. Structural reforms should focus on diversifying exports, strengthening the business environment, and fostering private-sector development, thereby supporting more sustainable and inclusive economic growth.

Pages: 238
Date: 2026-09-08
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