Africa News Bulletin

DR Congo: BCC urges government to strengthen local production and economic diversification in the face of economic shocks

This is a recommendation that has come up every time for the past 5 years. All the experts agree that the government must take appropriate measures to promote local production and above all to diversify the Congolese economy. However, not much is being done in this direction. This means that with each international economic shock, the DRC suffers the repercussions, especially since the country is a champion in imports even of basic food products.

Currently, the Russian-Ukrainian war continues to exacerbate the global food security and nutrition crisis through high and volatile energy, food and fertilizer prices, restrictive trade measures and supply chain disruptions.

This is why, faced with external and internal risk factors, the Governor of the Central Bank, commenting on the economic situation in the DRC during the meeting of the Council of Ministers on Friday, September 23, made some recommendations, in particular :

– maintaining the coordination of actions at the level of budgetary and monetary policy;

– increased vigilance and close monitoring of bank liquidity factors at the level of the Central Bank of Congo;

– the acceleration of the implementation of measures aimed at strengthening local production and the diversification of the economy; and

– the continued implementation of the structural reforms adopted under the Government’s Economic Program supported by the Extended Credit Facility (ECF) with the International Monetary Fund (IMF).

Lire aussi : Le FMI, la BM et d’autres agences du système de l’ONU appellent au soutien de petits exploitants agricoles pour faire face à la crise alimentaire


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