External Debt in DR Congo

DR Congo External Debt | Economic News & Forecasts

DR Congo - External Debt

The economic backdrop likely deteriorated in the second quarter and at the outset of Q3. Spiking new Covid-19 cases in mid-May drove authorities to reinstate restrictions, including a nighttime curfew, from mid-June, while vaccination efforts stalled amid widespread skepticism. This bodes poorly for activity in Q2, while the spread of the Delta variant and vaccine shortages will be weighing further on activity in the third quarter, with restrictions remaining largely unchanged in August. More positively, on 15 July, the IMF approved an arrangement of USD 1.5 billion under the Extended Credit Facility—allowing for the immediate disbursement of around USD 216.9 million—that will reinforce foreign reserves and support an ambitious structural reform program aimed at fostering sustainable growth.

DR Congo - External Debt Data

2015   2016   2017   2018   2019  
External Debt (% of GDP)-     -     -     -     -     

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Note: External debt as % of GDP.
Source: Central Bank of Congo

DR Congo Facts

Value Change Date
Exchange Rate1,687-0.78 %Jan 01
Stock Market0.60.0 %Jan 07

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