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International Monetary Fund. African Dept.

Our Congolese authorities thank IMF Executive Board, Management, and staff for the continued support to the Democratic Republic of the Congo (DRC). The emergency assistance provided by the Fund under the Rapid Credit Facility (RCF) in 2020 has helped the country cope with the economic and social fallout of the Covid-19 pandemic. This was followed by the first disbursement under Extended Credit Facility (ECF) approved in July 2021 and the SDR allocation in August, which have been instrumental in strengthening the country’s external position while providing

International Monetary Fund. African Dept.

On behalf of the Congolese authorities, we would like to express our appreciation to the Executive Board, Management, and Staff for their support to the Democratic Republic of The Congo (DRC) in the implementation of the 2019–23 National Strategic Development Plan (NSDP) in the context of the ECF arrangement approved a year ago. They particularly welcome the provision of technical assistance which helps them make significant inroads in the implementation of their reform agenda. They appreciated the productive discussions held with staff during their visit in

International Monetary Fund
The Congolese authorities requested an IMF staff-monitored program (SMP), in support of the economic program they spelled out in the accompanying Memorandum on Economic and Financial Policies (MEFP). The Democratic Republic of the Congo showed remarkable macroeconomic stability under the Poverty Reduction Growth Facility Program. The SMP is intended to preserve macroeconomic stability during the protracted elections and give the authorities an opportunity to establish a strong track record of policy implementation. The SMP includes measures for improving public resource management and strengthening central bank operations.