IMF Approves $442 Million Disbursement to DR Congo After Program Reviews
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The International Monetary Fund has approved the disbursement of $442.4 million to the Democratic Republic of Congo following the completion of the second review of its Extended Credit Facility (ECF) and the first review under the Resilience and Sustainability Facility (RSF). The IMF Executive Board’s decision, announced after its latest assessment, brings total Fund support to Congo to about $779.7 million since the start of 2025.
The IMF said the release of funds supports government reform efforts as the country faces persistent security challenges and recurring health crises, including Ebola outbreaks, that continue to pressure fiscal resources. Despite these strains, the Fund assessed the economy as broadly resilient, forecasting GDP growth above 5% in both 2025 and 2026, led by strong output in the mining sector, particularly copper production.
Macroeconomic conditions have continued to stabilize, with the IMF noting that inflation slowed to 2.2% in November 2025 from 11.7% at the end of 2024. The deceleration allowed the Central Bank of Congo to ease monetary policy by lowering its benchmark interest rate from 25% to 17.5% in October, a move the Fund said reflected sustained improvements in price stability and fiscal management.
The IMF said most targets under its ECF- and RSF-backed programs were achieved despite higher security-related spending. Progress was reported on structural reforms, including improvements in public finance management, governance, and policy initiatives aimed at enhancing resilience to climate shocks.
The Fund urged authorities to maintain fiscal discipline while protecting priority social expenditures and accelerating efforts to strengthen transparency, governance, and anti-corruption measures. It said advancing these reforms would be critical to improving the business environment, attracting private investment, and supporting diversified, sustainable, and inclusive growth in the years ahead.
