Current Account in DR Congo
DR Congo - Current AccountThe global economic slowdown appears to have weighed significantly on growth this year, as lingering trade tensions continue to take their toll on the export-oriented economy. Although average activity in the mining sector remained upbeat in the first half of the year, significantly lower prices for copper and cobalt—two of the country’s main exports—are likely to have hampered growth for the better part of the year. Meanwhile, on 15 November, the IMF agreed to resume a USD 500 million lending program to DR Congo, after having suspended it in 2012 over a lack of transparency with regards to the sale of state mining assets. The credit line, which is expected to be approved later this month, would be a welcome boost to President Felix Tshisekedi’s costly social programs at a time when external demand prospects appear gloomy.
DR Congo - Current Account Data
|Current Account (% of GDP)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Source: Central Bank of Congo
DR Congo Facts
|Exchange Rate||1,687||-0.78 %||Jan 01|
|Stock Market||0.6||0.0 %||Jan 07|
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