DRC-IMF: signing of an agreement on the first review of the economic and financial programme

Kinshasa, May 14^th, 2025 (CPA) – An agreement on the first review under the Extended Credit Facility has been signed between the Democratic Republic of Congo and a delegation from the International Monetary Fund (IMF), according to a press release consulted on Wednesday by CPA. ‘The signing of this agreement between the two parties concerned the first review of the three-year economic and financial programme supported by the Extended Credit Facility (ECF), subject to approval by the IMF’s General Management and Executive Board, scheduled for the end of June 2025’, has reported the press release from the Ministry in charge of Finance. According to this document, the Congolese economy has shown considerable resilience, with growth of 6.5% in 2024, driven by the extractive sector. The growth should remain above 5% in 2025. The inflation rate fell to single digits in April, thanks to effective coordination between fiscal and monetary policy. The source reports that the Federation of Congo Enterprises (FEC) has been recalibrated in the face of security and budgetary pressures. And the government is committed to pursuing reforms, mobilising more revenue, and protecting social and investment spending, with the expected support of its partners.  ACP/