Fiscal Balance in DR Congo

DR Congo Fiscal Balance | Economic News & Forecasts

DR Congo - Fiscal Balance

Economic growth lost traction last year, with GDP expanding 4.6% on an annual basis after expanding 5.8% in 2018. Seemingly, the slowdown reflected deteriorating mining activity for the better part of the year amid declines in output of cobalt, diamond and gold. Moreover, subdued global base metal prices owing to the U.S.–China trade spat, are likely to have weighed on the external sector last year. Meanwhile, on 23 December, the IMF approved an USD 368 million loan to the country under its Rapid Credit Facility to support the government’s effort to restore economic stability. The Fund also left the door open for a second loan in H2 2020 under the Extended Credit Facility, provided key reforms are met. In an effort to boost transparency, authorities began plans in January to take back and auction two oil licenses dubiously granted by the previous government to an Israeli mogul sanctioned by the U.S.

DR Congo - Fiscal Balance Data

2014   2015   2016   2017   2018  
Fiscal Balance (% of GDP)-     -     -     -     -     

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Note: General government balance as % of GDP
Source: IMF

DR Congo Facts

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

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