International Reserves in DR Congo
DR Congo - International ReservesGrowth appeared to slow in the second quarter, as heightened trade tensions likely took their toll on the export-oriented economy. While average activity in the all-important mining sector gathered momentum in Q2, the rise in production was countered by lower global prices for base metals owing to an escalation in U.S.–China trade war tensions in May. This, coupled with falling gold and oil output in Q2, likely weighed on merchandise exports in the quarter. Meanwhile, the World Bank is considering to give as much as USD 5 billion to the country over the next five years. Additional financing would be a welcome boost for President Felix Tshisekedi’s costly social programs, although it would be dependent on the government committing to fiscal consolidation and a liberalization agenda.
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||1,665||-0.78 %||Nov 21|
|Stock Market||0.6||0.0 %||Nov 21|
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