International Reserves in DR Congo
DR Congo - International ReservesThe economy was likely hard hit during the first half of the year by the outbreak of the Covid-19 pandemic and the state of emergency declared by the government in late March to stem its spread. In particular, the key mining industry, which comprises about a third of the country’s output and near totality of export revenue, likely reeled amid lockdown measures put in place and the severe fall in demand, primarily from China. Slumping prices for the country’s main export commodities, particularly of cobalt which has seen a nearly 20% drop since February, exacerbate matters. To mitigate the economic fallout from the pandemic, in the latter half of June President Felix Tshisekedi launched a nine-month, USD 2.6 billion multi-sectoral emergency program, with the bulk of funds set to be mobilized by private actors.
DR Congo - International Reserves Data
|International Reserves (USD)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Source: World Bank
DR Congo Facts
|Exchange Rate||1,687||-0.78 %||Jan 01|
|Stock Market||0.6||0.0 %||Jan 07|
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