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  1. But speeding up structural reforms by abolishing unfair mining contracts, improving public revenue and spending efficiency, and invigorating the business climate to take advantage of foreign direct investment and regional integration is expected to bring more financing for the country's structural transformation.
  2. worldbank.org

    Oct 27, 2023The new DRC Country Economic Memorandum outlines pathways for faster growth, job creation, and poverty reduction. Under the current macroeconomic framework, growth in the DRC will not translate into improved living conditions; ambitious economic reforms are critical to place the country on a diversified growth path conducive to middle-income country status.
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  4. According to a recently completed annual assessment by IMF staff, growth in the Democratic Republic of the Congo (DRC) sharply rebounded from 1.7% in 2020 to an estimated 6.2% in 2021, well above the 4.5% rate in sub-Saharan Africa. The strong recovery was driven by the country's mining and services sector performance.
  5. worldbank.org

    Oct 18, 2024The Democratic Republic of Congo (DRC), about the size of Western Europe, is the largest country in Sub-Saharan Africa (SSA). DRC is endowed with exceptional natural resources, including minerals such as cobalt and copper, hydropower potential, significant arable land, immense biodiversity, and the world's second-largest rainforest.
  6. The United States Agency for International Development (USAID) invests in inclusive economic growth by developing sustainable livelihoods, increasing access to affordable energy, expanding commerce and international trade opportunities, and strengthening food security. The Democratic Republic of the Congo (DRC) has land and water resources capable of feeding all of Africa and possesses an ...
  7. This supports GIZ's partners on the continental (African Union Commission, AfCFTA Secretariat), regional (currently East African Community and Economic Community of West African States; planned Southern African Development Community) and national levels on the negotiations surrounding and implementation of the AfCFTA.
  8. thebusinessyear.com

    Jul 17, 2024Image credit: Shutterstock / Issa Kashala At the time of its independence, the Democratic Republic of the Congo (DRC) was considered the second most industrialized country in Africa, just after South Africa. Unfortunately, the country has long been plagued by corruption, war, famine, and political instability, causing its economy to decline drastically in the decades since its emancipation in ...
  9. It will be necessary to rehabilitate and construct specific infrastructure to facilitate the development of the area's economic potential by involving private investment through public-private partnerships with significant positive externalities for the economy's other productive sectors.
  10. worldbank.org

    The report highlights the mixed economic and social consequences of the war in Ukraine, with muted effects on the balance of payments but potentially more pronounced effects on inflation and households' well-being. While inflation remains moderate and despite robust economic growth, poverty reduction has been elusive and the benefits from growth are yet to be more widely shared.
  11. This year's African Economic Outlook examines recent macroeconomic developments and the outlook in Africa, focusing on the implications of external imbalances for growth and the financial and monetary challenges of integration (chapter 1). It next discusses employment creation through the analysis of firm dynamism (chapter 2). It then explores the economics of regional integration in Africa ...

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