Democratic Republic of the Congo: Second Review Under the Extended Credit Facility Arrangement, Requests for a Waiver of Nonobservance of a Performance Criterion, Modification of Quantitative Performance Criteria, and Financing Assurances Review; and
Second Review Under the Extended Credit Facility Arrangement, Requests for a Waiver of Nonobservance of a Performance Criterion, Modification of Quantitative Performance Criteria, and Financing Assurances Review; and First Review Under the Resilience and Sustainability Facility Arrangement and Request for Rephasing of Access-Press Release; Staff Report; and Statement by the Democratic Republic of t
Author: International Monetary Fund. African Dept.
Democratic Republic of the Congo: Second Review Under the Extended Credit Facility Arrangement, Requests for a Waiver of Nonobservance of a Performance Criterion, Modification of Quantitative Performance Criteria, and Financing Assurances Review
The country continues to face a highly challenging environment marked by the conflict
in the East, compounded by mounting humanitarian pressures. The situation continues
to strain public finances, with escalating security spending crowding out other essential
expenditure. Recent political transitions, including a government reshuffle and changes
of leadership at the central bank and the National Assembly, have not altered the
authorities’ firm commitment to the Fund-supported programs.