First review under the Extended Credit Facility Agreement, Request for Modification of Performance Criteria and Review of Funding Assurances – Press Release; Staff report; and Statement by the Executive Director for the Democratic Republic of the Congo

Democratic Republic of the Congo: first review under the extended credit facility agreement, request for modification of performance criteria and review of financing assurances – Press release; Staff report; and Statement by the Executive Director for the Democratic Republic of the Congo

Publication date:

January 5, 2022

Electronic access:

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Summary:

After a third wave over the summer, COVID-19 cases are on the decline but vaccination has stalled. Economic activity improved thanks to the strengthening of external demand, allowing a stronger than expected accumulation of international reserves. Inflation and the exchange rate have stabilized. The near-term challenges stem from the uncertainty associated with the pandemic and the gradual global economic recovery that is supporting high commodity prices.

Series:

National report n ° 2022/003

Topic:

International Organization Monetary Policy

Frequency:

ordinary